https://www.taxtmi.com/caselaws?id=388073 Income already assessed in an earlier year should not be taxed again merely because it was inadvertently repeated in a return filed during reassessment. Rectification, rather than duplicate taxation, is the appropriate mechanism for correcting that error. Capital-gains relief for investment in a residential plot and construction of a house may be available where the purchase and construction are supported by sale, builder, valuation and banking evidence. Completion within a short period does not defeat the claim when construction remains within the statutory time limit, and suspicion without contrary enquiry or material is insufficient to reject it. en-us Tue, 17 Sep 2019 00:00:00 +0530 Thu, 07 Nov 2019 07:37:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=388073 Income already assessed in an earlier year should not be taxed again merely because it was inadvertently repeated in a return filed during reassessment. Rectification, rather than duplicate taxation, is the appropriate mechanism for correcting that error. Capital-gains relief for investment in a residential plot and construction of a house may be available where the purchase and construction are supported by sale, builder, valuation and banking evidence. Completion within a short period does not defeat the claim when construction remains within the statutory time limit, and suspicion without contrary enquiry or material is insufficient to reject it. Case-Laws Income Tax Tue, 17 Sep 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=388073