https://www.taxtmi.com/highlights?id=74006 Protective assessment - Validity of the jurisdiction assumed by the A.O for initiating proceedings u/s. 147 - it is beyond comprehension that the AO after holding a belief that the amount was the income of another person, could have thereafter simultaneously held the said amount as the income of the assessee chargeable to tax that had escaped assessment - notice issued by the A.O u/s. 148 quashed for want of valid assumption of jurisdiction. - AT en-us Sat, 06 Jan 2024 07:37:58 +0530 Sat, 06 Jan 2024 07:37:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=74006 Protective assessment - Validity of the jurisdiction assumed by the A.O for initiating proceedings u/s. 147 - it is beyond comprehension that the AO after holding a belief that the amount was the income of another person, could have thereafter simultaneously held the said amount as the income of the assessee chargeable to tax that had escaped assessment - notice issued by the A.O u/s. 148 quashed for want of valid assumption of jurisdiction. - AT Highlights Income Tax Sat, 06 Jan 2024 07:37:58 +0530 https://www.taxtmi.com/highlights?id=74006