Same income cannot be Taxed Twice offered erroneously in two different years

M/s Delite Properties Pvt. Ltd. Vs I.T.O. (ITAT Kolkata) We have perused the relevant papers available on records. It appears from the fact that non acceptance of the assessee’s prayer for lawful exclusion of the amount have resulted to a wrong determination of income for the relevant year. Moreover, taxation of the same amount in two different years is a definite violation or principle that no piece of income can be taxed twice. In this respect the assessee has relied upon the judgment passed by the Hon’ble Chennai Tribunal in TS 386-ITAT-2012-Chny in the case of R.Nagarjun vs ACIT where ...