https://www.taxtmi.com/caselaws?id=11852 Once income has been finally assessed and taxed in the hands of the person found substantively liable, a protective assessment on the same income in another person's hands cannot survive. The Court treated the protective addition as merely consequential and held that, after final assessment of the income in the hands of Chula Ram, the basis for continuing the protective assessment against the assessee-firm disappeared. The same income could not be taxed twice in different hands once the substantive assessment had attained finality. en-us Tue, 07 Jan 2003 00:00:00 +0530 Wed, 10 Feb 2010 11:14:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11852 Once income has been finally assessed and taxed in the hands of the person found substantively liable, a protective assessment on the same income in another person's hands cannot survive. The Court treated the protective addition as merely consequential and held that, after final assessment of the income in the hands of Chula Ram, the basis for continuing the protective assessment against the assessee-firm disappeared. The same income could not be taxed twice in different hands once the substantive assessment had attained finality. Case-Laws Income Tax Tue, 07 Jan 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11852