https://www.taxtmi.com/caselaws?id=393934 The Income Tax Appellate Tribunal (ITAT) set aside the Commissioner of Income Tax (Appeals)' decision and directed the Assessing Officer to verify the claim of the assessee regarding the stock difference already being taxed in the previous assessment year. If verified, the addition made for the year in question would lead to double taxation and should be removed. The ITAT allowed the appeal for statistical purposes, ordering a reevaluation by the Assessing Officer. en-us Fri, 20 Mar 2020 00:00:00 +0530 Wed, 25 Mar 2020 14:31:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=393934 The Income Tax Appellate Tribunal (ITAT) set aside the Commissioner of Income Tax (Appeals)' decision and directed the Assessing Officer to verify the claim of the assessee regarding the stock difference already being taxed in the previous assessment year. If verified, the addition made for the year in question would lead to double taxation and should be removed. The ITAT allowed the appeal for statistical purposes, ordering a reevaluation by the Assessing Officer. Case-Laws Income Tax Fri, 20 Mar 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=393934