https://www.taxtmi.com/caselaws?id=766427 Interest income on CCDs could not be brought to tax twice in the same assessee's hands for different assessment years where it had already been offered and taxed on accrual basis earlier. The Tribunal directed verification of the Form 26AS position and the prior-year tax treatment, and if the income had already been assessed, the taxable income for the year under appeal was to be recomputed by excluding the duplicated amount. It also directed corresponding TDS credit to be allowed after verification. The remaining grounds were treated as infructuous. en-us Thu, 20 Feb 2025 00:00:00 +0530 Tue, 25 Feb 2025 08:24:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=766427 Interest income on CCDs could not be brought to tax twice in the same assessee's hands for different assessment years where it had already been offered and taxed on accrual basis earlier. The Tribunal directed verification of the Form 26AS position and the prior-year tax treatment, and if the income had already been assessed, the taxable income for the year under appeal was to be recomputed by excluding the duplicated amount. It also directed corresponding TDS credit to be allowed after verification. The remaining grounds were treated as infructuous. Case-Laws Income Tax Thu, 20 Feb 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=766427