https://www.taxtmi.com/highlights?id=89605 ITAT allowed appellant's appeal regarding double taxation of unbilled revenue. Appellant erroneously offered excess income to tax by accruing unbilled revenue from one customer, which was subsequently taxed again in AY 2019-20 upon invoice generation. Tribunal examined computation statements and revised returns, confirming revenue reduction in FY 2019-20 was added back in AY 2020-21 computation. ITAT found merit in appellant's contention that income was taxed twice - initially as unbilled revenue in respective financial years and again upon invoice raising in the assessment year under consideration. Tribunal directed Assessing Officer to reduce appellant's income by the amount erroneously excess offered to tax, preventing double taxation of the same revenue stream. en-us Fri, 20 Jun 2025 08:35:04 +0530 Fri, 20 Jun 2025 08:35:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=89605 ITAT allowed appellant's appeal regarding double taxation of unbilled revenue. Appellant erroneously offered excess income to tax by accruing unbilled revenue from one customer, which was subsequently taxed again in AY 2019-20 upon invoice generation. Tribunal examined computation statements and revised returns, confirming revenue reduction in FY 2019-20 was added back in AY 2020-21 computation. ITAT found merit in appellant's contention that income was taxed twice - initially as unbilled revenue in respective financial years and again upon invoice raising in the assessment year under consideration. Tribunal directed Assessing Officer to reduce appellant's income by the amount erroneously excess offered to tax, preventing double taxation of the same revenue stream. Highlights Income Tax Fri, 20 Jun 2025 08:35:04 +0530 https://www.taxtmi.com/highlights?id=89605