https://www.taxtmi.com/caselaws?id=25272 The court affirmed the Tribunal's decision regarding wealth-tax assessments, stating they were made on a protective basis and did not constitute independent evidence. The addition of Rs. 1,60,974 for the assessment year 1974-75 was upheld as consequential to the previous findings. The court found the acceptance of returns did not validate the disputed income source. Justice Rama Rao concurred with the conclusions, emphasizing the need to address protective assessments to prevent inconsistencies. en-us Mon, 19 Jan 1987 00:00:00 +0530 Wed, 27 Jan 2010 16:01:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25272 The court affirmed the Tribunal's decision regarding wealth-tax assessments, stating they were made on a protective basis and did not constitute independent evidence. The addition of Rs. 1,60,974 for the assessment year 1974-75 was upheld as consequential to the previous findings. The court found the acceptance of returns did not validate the disputed income source. Justice Rama Rao concurred with the conclusions, emphasizing the need to address protective assessments to prevent inconsistencies. Case-Laws Income Tax Mon, 19 Jan 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25272