TaxTMI Login
Just a moment...
Press 'Enter' to add multiple search terms. Rules for Better Search
of 
of 
No Folders have been created
Are you sure you want to delete "My most important" ?
NOTE:
of of 
All Highlights
of of All Highlights
Note
Bookmark
Share
Don't have an account? Register Here
of The ITAT held that a protective addition under section 69A is temporary and intended to safeguard Revenue's interest when the real owner of income is uncertain. Once a substantive addition of the same amount is made in the hands of the actual owner through reassessment under sections 147 read with 144/144B, maintaining the protective addition against the initial assessee lacks justification. Consequently, the Tribunal deleted the protective addition from the assessee's assessment. The appeal filed by the assessee was allowed accordingly.
TaxTMI 