https://www.taxtmi.com/highlights?id=55814 Addition u/s 69A - unaccounted income of the assessee company - Double addition - AO was under the obligation to reduce the sum of 81 lakhs from the income of the director in the situation where he proposed to add the same in the hands of the assessee. But the AO has not done so despite having sufficient information in his hand. As such the action of the AO has resulted the double addition of the same income. - AT en-us Wed, 09 Dec 2020 11:21:58 +0530 Wed, 09 Dec 2020 11:21:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=55814 Addition u/s 69A - unaccounted income of the assessee company - Double addition - AO was under the obligation to reduce the sum of 81 lakhs from the income of the director in the situation where he proposed to add the same in the hands of the assessee. But the AO has not done so despite having sufficient information in his hand. As such the action of the AO has resulted the double addition of the same income. - AT Highlights Income Tax Wed, 09 Dec 2020 11:21:58 +0530 https://www.taxtmi.com/highlights?id=55814