https://www.taxtmi.com/caselaws?id=419388 The appeal of the assessee was allowed by the tribunal, directing the Assessing Officer to grant relief for the excess revenue taxed under the BSNL project to prevent double taxation. The tribunal found that the revenue had been incorrectly taxed in prior years and ordered the AO to allow the deduction. The issue of penalty under section 271(1)(c) was disposed of as not pressed by the assessee during the proceedings. en-us Wed, 09 Feb 2022 00:00:00 +0530 Thu, 10 Mar 2022 17:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=419388 The appeal of the assessee was allowed by the tribunal, directing the Assessing Officer to grant relief for the excess revenue taxed under the BSNL project to prevent double taxation. The tribunal found that the revenue had been incorrectly taxed in prior years and ordered the AO to allow the deduction. The issue of penalty under section 271(1)(c) was disposed of as not pressed by the assessee during the proceedings. Case-Laws Income Tax Wed, 09 Feb 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=419388