https://www.taxtmi.com/caselaws?id=768961 The Tribunal addressed tax assessment issues involving double taxation of recovered bad debts. The key ruling set aside the CIT(A)'s order, recognizing a rectification order that corrected an erroneous income addition of Rs. 52,16,56,993/-. The SC held that taxing the same income twice is impermissible, and subsequent section 154 rectification order effectively resolved the taxation mistake, thereby preventing double taxation of the same income. en-us Tue, 08 Apr 2025 00:00:00 +0530 Thu, 17 Apr 2025 08:35:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=768961 The Tribunal addressed tax assessment issues involving double taxation of recovered bad debts. The key ruling set aside the CIT(A)'s order, recognizing a rectification order that corrected an erroneous income addition of Rs. 52,16,56,993/-. The SC held that taxing the same income twice is impermissible, and subsequent section 154 rectification order effectively resolved the taxation mistake, thereby preventing double taxation of the same income. Case-Laws Income Tax Tue, 08 Apr 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=768961