ITAT Jodhpur Quashes Double Taxation of Surrendered Income

Jain Natural Pickles Private Limited Vs ACIT (ITAT Jodhpur) In a ruling that prioritizes the rectification of an inadvertent error over a strict interpretation of tax procedure, the Income Tax Appellate Tribunal (ITAT) in Jodhpur has allowed an appeal filed by Jain Natural Pickles Private Limited. The Tribunal set aside the orders of the lower revenue authorities, directing them to correct an assessment that had led to the impermissible double taxation of the same income. The judgment also condoned a 134-day delay in the filing of the appeal, finding that the assessee had provided a sufficient...