Protective Additions fails Once Substantive Additions Confirmed: ITAT Chandigarh

ACIT Vs Satguru Foundation (ITAT Chandigarh)

Protective Additions Unsustainable Once Substantive Additions Confirmed – ITAT Chandigarh Deletes Protective Additions in Hands of Trust

The Chandigarh Bench of the ITAT dismissed the Revenue’s appeals and upheld deletion of protective additions made in the hands of M/s Satguru Foundation (a charitable trust), holding that once substantive additions on the same income were sustained in the hands of identified individuals, the same amount cannot ag

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