Double Taxation of Rental Income & TDS Credit Issue: ITAT Surat Remands Case to AO

Kuberji Developers Vs ACIT (ITAT Surat) In a significant ruling, the Income Tax Appellate Tribunal (ITAT) Surat bench has directed the Assessing Officer (AO) to re-examine the case of Kuberji Developers, addressing concerns of double taxation on rental income. The decision, pronounced on January 16, 2025, emphasizes that income already offered for taxation in a prior assessment year cannot be subjected to tax again. The case for assessment year (AY) 2017-18 originated from a mismatch identified by the AO between the rent declared by Kuberji Developers and the figures reflected in Form 26AS. Th...