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

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