https://www.taxtmi.com/caselaws?id=386405 The tribunal dismissed the appeal challenging the addition of Sales Tax refund in the assessment for A.Y. 2011-2012. The tribunal held that the sales tax refund should be taxed in the hands of the assessee firm, citing the principle that income is to be taxed in the hands of the person liable for taxation. The appeal contended that taxing the amount in both the firm and the Private Limited Company would result in double taxation, but the tribunal found no merit in this argument and upheld the addition made by the Assessing Officer and the Ld. CIT(A). en-us Wed, 14 Aug 2019 00:00:00 +0530 Fri, 27 Sep 2019 07:59:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386405 The tribunal dismissed the appeal challenging the addition of Sales Tax refund in the assessment for A.Y. 2011-2012. The tribunal held that the sales tax refund should be taxed in the hands of the assessee firm, citing the principle that income is to be taxed in the hands of the person liable for taxation. The appeal contended that taxing the amount in both the firm and the Private Limited Company would result in double taxation, but the tribunal found no merit in this argument and upheld the addition made by the Assessing Officer and the Ld. CIT(A). Case-Laws Income Tax Wed, 14 Aug 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386405