Rectification to Correct Income Mistakenly Offered Twice Cannot Be Denied: ITAT Restricts Addition...

The ITAT has ruled that a "rectification to correct an income mistakenly offered twice cannot be denied," and has restricted the "addition to prevent double taxation." The tribunal's decision, which is a significant victory for the taxpayer, was made on the grounds that the company's claim was not supported by evidence. The ruling clarifies that a tax authority can't add a tax to a company's account without a valid reason.