https://www.taxtmi.com/caselaws?id=403400 The ITAT allowed the appeal of the assessee, directing the deletion of the addition of Rs. 1,18,96,853. The ITAT held that taxing the same income in the hands of both the JV and Kiran Infra Engineers Ltd. amounted to double taxation, which is impermissible. The ITAT concluded that the receipts related to work executed by Kiran Infra Engineers Ltd. were properly accounted for in its books, and taxes were paid on the resulting profit. The AO's actions were deemed unjustified, leading to the deletion of the addition in favor of the assessee. en-us Tue, 19 Jan 2021 00:00:00 +0530 Mon, 25 Jan 2021 11:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403400 The ITAT allowed the appeal of the assessee, directing the deletion of the addition of Rs. 1,18,96,853. The ITAT held that taxing the same income in the hands of both the JV and Kiran Infra Engineers Ltd. amounted to double taxation, which is impermissible. The ITAT concluded that the receipts related to work executed by Kiran Infra Engineers Ltd. were properly accounted for in its books, and taxes were paid on the resulting profit. The AO's actions were deemed unjustified, leading to the deletion of the addition in favor of the assessee. Case-Laws Income Tax Tue, 19 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403400