https://www.taxtmi.com/caselaws?id=428546 Addition based on an overseas bank account balance under section 69A was deleted because the same deposit had already been brought to tax in a later year on the same facts and information. The appellate authority held that the initial deposit could not be separated from the carried-forward balance for a fresh addition, as that would amount to double taxation. In the absence of any further material showing undisclosed income beyond the information already considered, no additional addition was justified. The deletion of the addition was therefore upheld. en-us Wed, 07 Sep 2022 00:00:00 +0530 Mon, 03 Oct 2022 13:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=428546 Addition based on an overseas bank account balance under section 69A was deleted because the same deposit had already been brought to tax in a later year on the same facts and information. The appellate authority held that the initial deposit could not be separated from the carried-forward balance for a fresh addition, as that would amount to double taxation. In the absence of any further material showing undisclosed income beyond the information already considered, no additional addition was justified. The deletion of the addition was therefore upheld. Case-Laws Income Tax Wed, 07 Sep 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=428546