Held, that the prior-period income had already been offered to tax in an earlier AY. and ought not be assessed to tax in the year under consideration, to avoid double taxation. The Assessing Officer was directed to verify the details submitted by the assessee to check whether there was duplicity of addition, and to remove the addition, if so. (AY. 2012-13 to 2015-16).
Matrimony.Com Ltd. v. Asst. CIT (2023)101 ITR 253 (Chennai) (Trib)
S .37(1) : Business expenditure-Prior period expense-Reversal of income offered when finalising accounts for later years-Prior period income no to be taxed again-Matter remanded to avoid duplicity of additions.[S. 145]