Dismissing the appeal of the revenue the Court held that as the assesseee offered such income to tax in the subsequent year and if any addition was made in the assessment year in question, it would amount to double addition, which was contrary to the provisions of law. (AY.2011-12)
PCIT v. Adani Infrastructure And Developers Pvt. Ltd. (2021) 432 ITR 113 (Guj.)(HC)
S. 115JB : Book profit-Professional fees offered as income in subsequent year-Deletion on the ground of double addition is held to be proper.