https://www.taxtmi.com/caselaws?id=397041 The Tribunal allowed the appeal, ruling in favor of the assessee, and ordered the exclusion of interest income from partnership firms from the total income for AY 2015-16. The income had already been taxed for AY 2014-15, preventing double taxation. The Tribunal emphasized the AO's duty to assess correctly and rectify mistakes in income declaration, overturning the CIT(A)'s dismissal based on the non-revised return. en-us Tue, 07 Jul 2020 00:00:00 +0530 Fri, 31 Jul 2020 15:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=397041 The Tribunal allowed the appeal, ruling in favor of the assessee, and ordered the exclusion of interest income from partnership firms from the total income for AY 2015-16. The income had already been taxed for AY 2014-15, preventing double taxation. The Tribunal emphasized the AO's duty to assess correctly and rectify mistakes in income declaration, overturning the CIT(A)'s dismissal based on the non-revised return. Case-Laws Income Tax Tue, 07 Jul 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=397041