9911796707
TMI Blog2020 (9) TMI 1130X X X X Extracts X X X X X X X X Extracts X X X X ..... f mercantile system of accounting was offered by the assessee to tax in a later assessment year as income and therefore the addition made will amount to taxation of the same income twice - HELD THAT:- We are of the view that the words either in this year or should be added to line 6 of para 14 of the order of Tribunal, after the words how the income offered so that the 6th line of para 14 re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... filed by the assessee praying for rectification of certain apparent errors in the order of Tribunal dated 08.02.2016 in ITA No.1068/Bang/2016. 2. The issue that arose for consideration in the above appeal by the Assessee was as to, whether the revenue authorities were justified in adding a sum of ₹ 1,50,84,240 to the total income of assessee. It was the plea of assessee that the sum adde ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ication of AS-9. Subject to these observations, we find no merit in this appeal by the Assessee and dismiss the same. 3. In this miscellaneous petition, though the assessee has raised several issues, but at the time of hearing, the ld. counsel for the assessee submitted that while giving effect to the order of Tribunal by the AO, the assessee s claim that part of income which was not accounted ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... sessment year was income which was We hold and order accordingly. 6. We are of the view that the absence of insertion of the aforesaid words in the order of Tribunal would give rise to an interpretation, which may not be in tune with the intent of para 14, which is that, the same income cannot be taxed twice. 7. Accordingly, the miscellaneous petition filed by the assessee is allowed to ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
