https://www.taxtmi.com/caselaws?id=447818 Protective addition in the assessee's hands was deleted because the same amount was already being pursued as a substantive assessment against the company under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. The Tribunal sustained the Commissioner (Appeals)'s view that a protective addition could not be maintained in these circumstances. In the Revenue's appeal, the matter was closed with liberty to revive it if the proceedings against the company ultimately failed, and the deletion of the protective addition was left undisturbed for the time being. en-us Thu, 14 Dec 2023 00:00:00 +0530 Fri, 05 Jan 2024 08:47:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=447818 Protective addition in the assessee's hands was deleted because the same amount was already being pursued as a substantive assessment against the company under the Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015. The Tribunal sustained the Commissioner (Appeals)'s view that a protective addition could not be maintained in these circumstances. In the Revenue's appeal, the matter was closed with liberty to revive it if the proceedings against the company ultimately failed, and the deletion of the protective addition was left undisturbed for the time being. Case-Laws Income Tax Thu, 14 Dec 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=447818