https://www.taxtmi.com/caselaws?id=328248 The ITAT allowed the appeal, directing the AO to delete the addition of Rs. 54,32,279, as the full amount of hire charges had been offered for taxation in two years, preventing double taxation of the same income. The ITAT emphasized the importance of accounting consistency and tax neutrality, ultimately leading to the deletion of the addition made by the AO and upheld by the CIT(A). en-us Wed, 25 May 2016 00:00:00 +0530 Mon, 30 May 2016 16:57:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328248 The ITAT allowed the appeal, directing the AO to delete the addition of Rs. 54,32,279, as the full amount of hire charges had been offered for taxation in two years, preventing double taxation of the same income. The ITAT emphasized the importance of accounting consistency and tax neutrality, ultimately leading to the deletion of the addition made by the AO and upheld by the CIT(A). Case-Laws Income Tax Wed, 25 May 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328248