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No Double Taxation of Same Bank Credits, Matter Sent for Verification

SEO Expert January 13, 2026

The issue was whether bank credits already offered as income in an HUF’s return could again be taxed in the individual’s hands. ITAT held that double taxation is impermissible and directed the AO to verify HUF records before making any addition.

The post No Double Taxation of Same Bank Credits, Matter Sent for Verification appeared first on TaxGuru.

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