https://www.taxtmi.com/caselaws?id=422409 The tribunal held that the Assessing Officer's addition of unaccounted receipts in AY 2011-12 covered the entire income, leading to the rejection of Pr. CIT's section 263 proceedings. The tribunal allowed the assessee's appeals for AY 2012-13 and 2014-15, emphasizing that double taxation concerns were valid as the same income cannot be taxed in multiple assessment years. The tribunal set aside the section 263 order, ruling in favor of the assessee. en-us Wed, 27 Apr 2022 00:00:00 +0530 Sat, 14 May 2022 08:38:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=422409 The tribunal held that the Assessing Officer's addition of unaccounted receipts in AY 2011-12 covered the entire income, leading to the rejection of Pr. CIT's section 263 proceedings. The tribunal allowed the assessee's appeals for AY 2012-13 and 2014-15, emphasizing that double taxation concerns were valid as the same income cannot be taxed in multiple assessment years. The tribunal set aside the section 263 order, ruling in favor of the assessee. Case-Laws Income Tax Wed, 27 Apr 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=422409