Receipts Taxed in Company’s Books Can’t Be Reassessed in Individual’s Hands

ITO Vs Lalit Raghunathrao Shinde (ITAT Pune) Same Income, Two Hands? Not Allowed – ITAT Pune Quashes Double Taxation on 26AS Mismatch- Receipts Taxed in Company’s Books Can’t Be Reassessed in Individual’s Hands In a second round of litigation, ITAT Pune held that the same income cannot be taxed twice merely because of a mismatch in Form 26AS, when it is already accounted for & taxed in the books of another entity. Assessee, whose business had been taken over by Den Manoranjan Satellite Pvt. Ltd., faced addition of ₹2.13 crore on account of receipts shown in his 26AS.  AO ignore...