https://www.taxtmi.com/caselaws?id=780059 ITAT held that a protective addition under s.68 read with s.115BBE is permissible to protect revenue where the real taxpayer is uncertain, but becomes redundant once the true assessee is identifiable and tax has been paid. Since the partners' bank deposits were already declared and taxed in their returns, the protective addition against the firm was otiose. The ITAT set aside the CIT(A)'s order, deleted the addition and allowed the appeal. en-us Wed, 15 Oct 2025 00:00:00 +0530 Fri, 17 Oct 2025 08:08:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=780059 ITAT held that a protective addition under s.68 read with s.115BBE is permissible to protect revenue where the real taxpayer is uncertain, but becomes redundant once the true assessee is identifiable and tax has been paid. Since the partners' bank deposits were already declared and taxed in their returns, the protective addition against the firm was otiose. The ITAT set aside the CIT(A)'s order, deleted the addition and allowed the appeal. Case-Laws Income Tax Wed, 15 Oct 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=780059