https://www.taxtmi.com/caselaws?id=335528 The ITAT allowed the appeal against the addition of undisclosed income on the sale of a flat, emphasizing the avoidance of double taxation. The ITAT directed a fresh assessment, considering that the profit had already been declared by another individual to prevent double taxation and ensure a fair assessment process. The decision highlighted the importance of jurisdiction over tax assessment to uphold the principle against double taxation, as established by the Supreme Court. en-us Fri, 11 Nov 2016 00:00:00 +0530 Sat, 03 Dec 2016 08:38:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=335528 The ITAT allowed the appeal against the addition of undisclosed income on the sale of a flat, emphasizing the avoidance of double taxation. The ITAT directed a fresh assessment, considering that the profit had already been declared by another individual to prevent double taxation and ensure a fair assessment process. The decision highlighted the importance of jurisdiction over tax assessment to uphold the principle against double taxation, as established by the Supreme Court. Case-Laws Income Tax Fri, 11 Nov 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=335528