Income Tax Act not authorize taxing of same amount of income more than once

Shri D. Koti Reddy Vs ITO (ITAT Bangalore) In the instant case also, we have noticed that the assessee has offered the amount of Rs.2,60,38,898/-, which formed part of sundry creditors balance. Major portion of very same amount was assessed in AY 2008-09 by the AO and deleted by the Ld CIT(A). The assessing officer has accepted the above said creditors in AY 2012-13. We have also noticed that the above said credits were not received during the financial year relevant to AY 2013-14. Hence, even the assessee has surrendered above said amount voluntarily, yet the same is not legally assessable as...