Addition of protective assessment - CIT (A) has clearly ...

Income Tax Department Nullifies Protective Addition u/s 179 After Company's Liability is Cleared.

June 17, 2020

Case Laws Income Tax AT

Addition of protective assessment - CIT (A) has clearly mentioned that the impugned amount related to the company and the protective addition was solely u/s 179 of the Act in the sole event of liability being fastened upon the company and its subsequent non recovery from the company. From this angle, the protective addition u/s 179 stands nullified as the substantive addition stands deleted in the hands of the company.

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Addition of protective assessment - CIT (A) has clearly ...

Income Tax Department Nullifies Protective Addition u/s 179 After Company's Liability is Cleared.

June 17, 2020

Case Laws Income Tax AT

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