Rental Income Offered for Taxation in One Assessment Year Cannot Taxed Again: ITAT Remits Matter to AO [Read Order]

The Assessing Officer was Directed to Reduce the Amount of Rental Income if the same has been taxed in the preceding year.
rental - income - Taxscan

The Surat bench of Income Tax Appellate Tribunal (ITAT) has held that where a rental income is offered for taxation in one assessment year, the same shall be reduced by the Assessing Officer from the income of another Assessment year. The bench remitted the case to the file of the AO to verify the claim…

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