https://www.taxtmi.com/caselaws?id=355344 The High Court held that taxing the same income twice was against taxation principles. The Commissioner's dismissal of the Revision Petition for not filing a revised return was deemed unjustified. The court emphasized the broad revisional powers under section 264 of the Income Tax Act to correct errors. The court found the Commissioner's interpretation of the Act incorrect and directed the Assessing Officer to delete the double-taxed amount from the assessee's total income for the relevant year. en-us Tue, 06 Feb 2018 00:00:00 +0530 Mon, 12 Feb 2018 21:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=355344 The High Court held that taxing the same income twice was against taxation principles. The Commissioner's dismissal of the Revision Petition for not filing a revised return was deemed unjustified. The court emphasized the broad revisional powers under section 264 of the Income Tax Act to correct errors. The court found the Commissioner's interpretation of the Act incorrect and directed the Assessing Officer to delete the double-taxed amount from the assessee's total income for the relevant year. Case-Laws Income Tax Tue, 06 Feb 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=355344