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Saha Textile v. DCIT

case-updateSaha Textile v. DCIT

The case revolves around the taxability of a liability written back in the books, where the Assessing Officer sought to invoke Section 41(1) although the assessee had already offered the same amount under the head “other income.”

The Tribunal’s decision reiterates that income, once taxed, cannot be subjected to tax again under a different provision.