https://www.taxtmi.com/caselaws?id=69435 The Appellate Tribunal ITAT MADRAS-A set aside a protective assessment made by the Assessing Officer on the assessee, amounting to Rs. 51,96,706 during the block assessment period. The Tribunal held that since a substantive addition had already been confirmed in the case of another individual for the same amount, the protective assessment on the assessee was not sustainable. The decision emphasized that while protective assessments can be made to protect Revenue interests, they should be vacated once a substantive assessment is completed for a specific individual to avoid duplication. en-us Thu, 12 Feb 2004 00:00:00 +0530 Wed, 18 Jul 2012 18:20:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69435 The Appellate Tribunal ITAT MADRAS-A set aside a protective assessment made by the Assessing Officer on the assessee, amounting to Rs. 51,96,706 during the block assessment period. The Tribunal held that since a substantive addition had already been confirmed in the case of another individual for the same amount, the protective assessment on the assessee was not sustainable. The decision emphasized that while protective assessments can be made to protect Revenue interests, they should be vacated once a substantive assessment is completed for a specific individual to avoid duplication. Case-Laws Income Tax Thu, 12 Feb 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69435