https://www.taxtmi.com/caselaws?id=428158 Adding the same undisclosed income again in Assessment Year 2006-07 would amount to double taxation where that very amount had already been disclosed, accepted, and taxed in Assessment Year 2007-08 at the same rate. The rule that income must be taxed in the year of accrual was held inapplicable on these facts because the matter involved a one-time disclosure, not shifting of profits through an accounting method. The Tribunal's finding that the disclosure was made at the behest of revenue authorities was not challenged. The addition for Assessment Year 2006-07 was therefore rightly deleted, and no substantial question of law arose. en-us Wed, 21 Sep 2022 00:00:00 +0530 Sat, 24 Sep 2022 08:21:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428158 Adding the same undisclosed income again in Assessment Year 2006-07 would amount to double taxation where that very amount had already been disclosed, accepted, and taxed in Assessment Year 2007-08 at the same rate. The rule that income must be taxed in the year of accrual was held inapplicable on these facts because the matter involved a one-time disclosure, not shifting of profits through an accounting method. The Tribunal's finding that the disclosure was made at the behest of revenue authorities was not challenged. The addition for Assessment Year 2006-07 was therefore rightly deleted, and no substantial question of law arose. Case-Laws Income Tax Wed, 21 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428158