Income cannot be taxed merely for payment of tax on similar income in earlier years

DDIT (International Taxation) Vs M/s. SET Satellite (Singapore) Pte. Ltd (ITAT Mumbai) At the time of hearing of these appeals, it was brought to our notice that in assessment years 1999-2000 & 2000-01, identical issue had come up for consideration before the Tribunal; and the Tribunal had reversed the orders of CIT(A) and held that the advertisement revenue received by the assessee in India are taxable in India. As against the aforesaid order of ITAT, (since reported as DDIT Vs. SET Satellite (Singapore) Pvt. Ltd., 106 ITD 175 (Mum)), the assessee had preferred the appeal before the Hon&#...