https://www.taxtmi.com/caselaws?id=777869 ITAT held that the rectification under s.154 should remove from the impugned year's income Rs.7.66 crores already taxed in the earlier year (AY 2015-16) arising from testing/calibration and sponsored fees. Since that amount was shown and subjected to tax previously and computed on actuals, it must not be double-taxed; the AO's fresh addition under s.11(1B) is unsustainable. AO is directed to reduce the current year's income by Rs.7.66 crores and delete the impugned addition after due verification. en-us Fri, 07 Mar 2025 00:00:00 +0530 Thu, 04 Sep 2025 16:57:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=777869 ITAT held that the rectification under s.154 should remove from the impugned year's income Rs.7.66 crores already taxed in the earlier year (AY 2015-16) arising from testing/calibration and sponsored fees. Since that amount was shown and subjected to tax previously and computed on actuals, it must not be double-taxed; the AO's fresh addition under s.11(1B) is unsustainable. AO is directed to reduce the current year's income by Rs.7.66 crores and delete the impugned addition after due verification. Case-Laws Income Tax Fri, 07 Mar 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=777869