https://www.taxtmi.com/caselaws?id=248323 The appeal was filed against the ex-parte decision by Ld. CIT (A) for Assessment Year 2004-05. The Assessing Officer initiated proceedings u/s 147/148 based on credit entries in the bank account of the assessee company. The assessment was made protectively due to undisclosed income. The Tribunal order for other years established the bank account ownership by another entity. Following this, the protective addition was deleted, and the appeal was partly allowed. The judgment emphasized the importance of precedent and established facts, leading to the deletion of the protective addition. en-us Fri, 30 May 2014 00:00:00 +0530 Sat, 07 Jun 2014 16:16:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=248323 The appeal was filed against the ex-parte decision by Ld. CIT (A) for Assessment Year 2004-05. The Assessing Officer initiated proceedings u/s 147/148 based on credit entries in the bank account of the assessee company. The assessment was made protectively due to undisclosed income. The Tribunal order for other years established the bank account ownership by another entity. Following this, the protective addition was deleted, and the appeal was partly allowed. The judgment emphasized the importance of precedent and established facts, leading to the deletion of the protective addition. Case-Laws Income Tax Fri, 30 May 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=248323