https://www.taxtmi.com/caselaws?id=790619 Protective assessment can be converted into a substantive addition only when the record clearly identifies the person liable to tax, supported by material on ownership and taxability; absent a categorical finding, the conversion is not sustainable and requires reconsideration. Exemption under section 54F depends on satisfaction of the statutory conditions and adequate proof of the transfer and investment, so the claim was remitted for fresh adjudication. TDS credit cannot be denied merely for PAN mismatch without factual verification of the income-tax nexus, and the denial was set aside for reconsideration by the Assessing Officer. en-us Tue, 07 Apr 2026 00:00:00 +0530 Tue, 28 Apr 2026 07:29:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=790619 Protective assessment can be converted into a substantive addition only when the record clearly identifies the person liable to tax, supported by material on ownership and taxability; absent a categorical finding, the conversion is not sustainable and requires reconsideration. Exemption under section 54F depends on satisfaction of the statutory conditions and adequate proof of the transfer and investment, so the claim was remitted for fresh adjudication. TDS credit cannot be denied merely for PAN mismatch without factual verification of the income-tax nexus, and the denial was set aside for reconsideration by the Assessing Officer. Case-Laws Income Tax Tue, 07 Apr 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=790619