https://www.taxtmi.com/caselaws?id=221264 The High Court upheld the validity of the protective assessment made by the Assessing Officer in the absence of identifying the real owner of the income. The Court emphasized the Assessing Authority's right to resort to protective assessment in cases of uncertainty, especially when doubt exists regarding the genuineness of the claim. The Tribunal's decision to treat the assessment as substantive was overturned, ruling in favor of the Revenue and against the assessee. en-us Wed, 09 Jan 2013 00:00:00 +0530 Fri, 01 Mar 2013 19:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221264 The High Court upheld the validity of the protective assessment made by the Assessing Officer in the absence of identifying the real owner of the income. The Court emphasized the Assessing Authority's right to resort to protective assessment in cases of uncertainty, especially when doubt exists regarding the genuineness of the claim. The Tribunal's decision to treat the assessment as substantive was overturned, ruling in favor of the Revenue and against the assessee. Case-Laws Income Tax Wed, 09 Jan 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221264