https://www.taxtmi.com/caselaws?id=63720 The Income Tax Appellate Tribunal (ITAT) affirmed the protective assessments made on connected assessees for the assessment year 1981-82, who declared income received through an alleged overriding title in profits earned by Shri A.N. Agarwal. The ITAT upheld the assessments, stating they were legally permissible pending resolution of the ownership dispute over the income. Emphasizing that the protective assessments did not cause prejudice as the disputed tax demand was not enforced, the ITAT dismissed the assessees' appeals, noting the ongoing controversy over income ownership between the assessees and Shri A.N. Agarwal. en-us Thu, 13 Oct 1988 00:00:00 +0530 Tue, 01 Feb 2011 15:04:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63720 The Income Tax Appellate Tribunal (ITAT) affirmed the protective assessments made on connected assessees for the assessment year 1981-82, who declared income received through an alleged overriding title in profits earned by Shri A.N. Agarwal. The ITAT upheld the assessments, stating they were legally permissible pending resolution of the ownership dispute over the income. Emphasizing that the protective assessments did not cause prejudice as the disputed tax demand was not enforced, the ITAT dismissed the assessees' appeals, noting the ongoing controversy over income ownership between the assessees and Shri A.N. Agarwal. Case-Laws Income Tax Thu, 13 Oct 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63720