1986 (12) TMI 95 - AT - Income Tax

Summary

The ITAT Indore upheld the protective assessment of the assessee in his capacity as Karta of the HUF, deeming the income to belong to him individually. The appeal against the protective assessment was dismissed as no appeal lies against such assessments, as per the provisions of the IT Act. The Tribunal found no grounds to interfere with the AAC's order. The appeal was dismissed, with the option for the assessee to seek a proper order after finalization of assessment in the individual capacity.