https://www.taxtmi.com/caselaws?id=382900 The Tribunal invalidated the assessment order due to a delayed notice issuance but decided the case on merits. It ruled against double taxation of the same income, directing taxation for the assessment year where the amount was offered. The Tribunal rejected additions based on alleged foreign bank account ownership lacking conclusive proof and deleted notional interest income additions. Unjustified additions for unexplained jewellery were also removed. The Tribunal allowed the assessee's appeals for certain assessment years, deleting additions, and dismissed Revenue's appeals, upholding deletions and directing substantive taxation for the offered amount. en-us Fri, 05 Jul 2019 00:00:00 +0530 Thu, 11 Jul 2019 14:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382900 The Tribunal invalidated the assessment order due to a delayed notice issuance but decided the case on merits. It ruled against double taxation of the same income, directing taxation for the assessment year where the amount was offered. The Tribunal rejected additions based on alleged foreign bank account ownership lacking conclusive proof and deleted notional interest income additions. Unjustified additions for unexplained jewellery were also removed. The Tribunal allowed the assessee's appeals for certain assessment years, deleting additions, and dismissed Revenue's appeals, upholding deletions and directing substantive taxation for the offered amount. Case-Laws Income Tax Fri, 05 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382900