The concept of protective assessment also becomes important in a ...

Assessing Officer's Protective Assessment Without Substantive Assessment is Unsustainable; Risks Time-Barred Issues.

July 27, 2021

Case Laws Income Tax AT

The concept of protective assessment also becomes important in a situation where the addition on substantive basis is deleted and in such an event, protective assessment shall change its colour by becoming substantive assessment. Had there not been such protective assessment, then assessment with respect to such person (protective assessment) would have become barred by time. - The protective assessment framed by the AO without making the substantive assessment is not sustainable. - AT

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The concept of protective assessment also becomes important in a ...

Assessing Officer's Protective Assessment Without Substantive Assessment is Unsustainable; Risks Time-Barred Issues.

July 27, 2021

Case Laws Income Tax AT

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