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2016 (10) TMI 625 - AT - Income TaxAccrual of income - Addition to income made on the basis of AIR information received by the AO - it is assessee’s submission that the amount was received by the assessee in AY 2010-11 and has also been offered to tax in AY 2010-11 as the cheque was received in subsequent years and the amount was received as advance payment and therefore the income did not accrue to the assessee in AY 2009-10 - Held that:- We find force in the contention of the assessee but however apart from the oral contentions, assessee has not placed any material on record to demonstrate that the amount has been offered to tax in subsequent years. In view of these facts, we are of the view that the matter needs to be re-examined at the end of AO. We therefore set aside the issue to the file of AO to verify and see that the same amount is not taxed twice, i.e. in AY 2009-10 and in AY 2010-11. In case, the amount is found to be taxable in AY 2010-11, then suitable credit of TDS be given to the assessee in accordance with law but in case the amount is found to be taxable in AY 2010-11, then AO is directed to give the credit of the TDS in AY 2010-11. The assessee is also directed to furnish all the required details promptly to the AO. - Decided in favour of assessee for statistical purposes.
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