https://www.taxtmi.com/caselaws?id=399011 The Tribunal allowed the miscellaneous petition seeking rectification of errors in its order under the Income-tax Act, 1961. The Assessee contended that the same income was being taxed twice due to differences in accounting systems. The Tribunal acknowledged the issue and modified its order to clarify that income recognition postponed by the Assessee should not result in double taxation. By inserting specific words in the order, the Tribunal aimed to prevent misinterpretation and ensure consistency in taxation principles, addressing the Assessee's concerns effectively. en-us Mon, 28 Sep 2020 00:00:00 +0530 Wed, 30 Sep 2020 13:07:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=399011 The Tribunal allowed the miscellaneous petition seeking rectification of errors in its order under the Income-tax Act, 1961. The Assessee contended that the same income was being taxed twice due to differences in accounting systems. The Tribunal acknowledged the issue and modified its order to clarify that income recognition postponed by the Assessee should not result in double taxation. By inserting specific words in the order, the Tribunal aimed to prevent misinterpretation and ensure consistency in taxation principles, addressing the Assessee's concerns effectively. Case-Laws Income Tax Mon, 28 Sep 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=399011