https://www.taxtmi.com/highlights?id=58939 The concept of protective assessment also becomes important in a situation where the addition on substantive basis is deleted and in such an event, protective assessment shall change its colour by becoming substantive assessment. Had there not been such protective assessment, then assessment with respect to such person (protective assessment) would have become barred by time. - The protective assessment framed by the AO without making the substantive assessment is not sustainable. - AT en-us Tue, 27 Jul 2021 18:06:30 +0530 Tue, 27 Jul 2021 18:06:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=58939 The concept of protective assessment also becomes important in a situation where the addition on substantive basis is deleted and in such an event, protective assessment shall change its colour by becoming substantive assessment. Had there not been such protective assessment, then assessment with respect to such person (protective assessment) would have become barred by time. - The protective assessment framed by the AO without making the substantive assessment is not sustainable. - AT Highlights Income Tax Tue, 27 Jul 2021 18:06:30 +0530 https://www.taxtmi.com/highlights?id=58939