https://www.taxtmi.com/caselaws?id=66004 An appeal against a protective assessment was treated as maintainable where it raised a real dispute on assessability and the amount of income under the Income-tax Act, rather than a merely collateral issue. The note also states that, in a flat-building business, profit may be estimated on advances and instalments under the regularly employed method of accounting, especially where that method had been accepted in earlier years and in comparable cases. The absence of registered sale deeds did not prevent such computation, and the protective label could not override the substance of a final assessment on returned income. en-us Tue, 26 Aug 1986 00:00:00 +0530 Sat, 19 Feb 2011 17:48:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66004 An appeal against a protective assessment was treated as maintainable where it raised a real dispute on assessability and the amount of income under the Income-tax Act, rather than a merely collateral issue. The note also states that, in a flat-building business, profit may be estimated on advances and instalments under the regularly employed method of accounting, especially where that method had been accepted in earlier years and in comparable cases. The absence of registered sale deeds did not prevent such computation, and the protective label could not override the substance of a final assessment on returned income. Case-Laws Income Tax Tue, 26 Aug 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66004