Once Sale Consideration is Declared as Income by Assessee, further Addition u/s 68 would amount to Double Taxation: ITAT [Read Order]

The Income Tax Appellate Tribunal (ITAT), Kolkata bench has held that once the assessee declared the sale consideration on share transaction as its income before the tax authorities, the same cannot be further subject to addition under section 68 of the Income Tax Act, 1961 as it would amount to double taxation. The Assessing Officer […]

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