https://www.taxtmi.com/caselaws?id=396028 The Tribunal allowed the assessee's appeal, deleting the addition made by the Assessing Officer. It was concluded that the assessee had already paid taxes on long-term capital gains in preceding years and should not be taxed again on the same income in the relevant year. The Tribunal emphasized the principle of no double taxation, leading to the deletion of the addition classified as business income. en-us Fri, 12 Jun 2020 00:00:00 +0530 Thu, 18 Jun 2020 10:58:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=396028 The Tribunal allowed the assessee's appeal, deleting the addition made by the Assessing Officer. It was concluded that the assessee had already paid taxes on long-term capital gains in preceding years and should not be taxed again on the same income in the relevant year. The Tribunal emphasized the principle of no double taxation, leading to the deletion of the addition classified as business income. Case-Laws Income Tax Fri, 12 Jun 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=396028