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Protective Assessment

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Full Text of the Document

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....y the tax among a few possible persons. Examples of cases where Protective Assessment can be made are: * Litigation between two parties concerned in Civil Courts. * Possibility of Benami Transaction but still not totally clear * Possibility of Diversion of Income to close Kith & Kin but still not totally clear. It must, however be noted that while protective assessment is permissible, a pr....