https://www.taxtmi.com/caselaws?id=354150 The ITAT allowed the appeal of the assessee, directing the deletion of the penalty imposed under Section 271B of the Income Tax Act. ITAT held that assessing the same income individually after AOP assessment would result in impermissible double taxation, citing legal precedents and emphasizing that income should only be assessed once, either individually or in the AOP's hands, to avoid such duplication. en-us Thu, 11 Jan 2018 00:00:00 +0530 Thu, 18 Jan 2018 15:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354150 The ITAT allowed the appeal of the assessee, directing the deletion of the penalty imposed under Section 271B of the Income Tax Act. ITAT held that assessing the same income individually after AOP assessment would result in impermissible double taxation, citing legal precedents and emphasizing that income should only be assessed once, either individually or in the AOP's hands, to avoid such duplication. Case-Laws Income Tax Thu, 11 Jan 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354150