https://www.taxtmi.com/caselaws?id=403674 The Tribunal allowed the appeal, ruling that the income erroneously offered in AY 2013-14 could not be assessed in that year. The decision emphasized that income must be assessed in the correct assessment year, and voluntary declarations cannot override statutory provisions. The Tribunal cited precedent to support its conclusion that income voluntarily offered but not legally assessable should not be taxed in that year, affirming that income from previous years cannot be assessed in a subsequent year. en-us Mon, 11 Jan 2021 00:00:00 +0530 Fri, 05 Feb 2021 06:57:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=403674 The Tribunal allowed the appeal, ruling that the income erroneously offered in AY 2013-14 could not be assessed in that year. The decision emphasized that income must be assessed in the correct assessment year, and voluntary declarations cannot override statutory provisions. The Tribunal cited precedent to support its conclusion that income voluntarily offered but not legally assessable should not be taxed in that year, affirming that income from previous years cannot be assessed in a subsequent year. Case-Laws Income Tax Mon, 11 Jan 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=403674