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Protective Addition Cannot Continue Once Substantive Addition is Sustained Elsewhere: Bangalore ITAT
Case Law Details
- Case Name
- DCIT Vs Cholan Buildings & Estates (ITAT Bangalore)
- Appeal Number
- Only available for paid members
- Date of Judgement/Order
- Only available for paid members
- Related Assessment Year
- 2012-13
- Courts
- All ITAT, ITAT Bangalore
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DCIT Vs Cholan Buildings & Estates (ITAT Bangalore)
Protective Addition Cannot Continue Indefinitely Once Substantive Addition is Sustained Elsewhere- Bangalore ITAT Deletes Addition in Firm’s Hand
The Bangalore ITAT upheld deletion of a protective addition made in the hands of a partnership firm after noting that the very same income had already been assessed substantively and sustained in the hands of the managing partner. The Tribunal observed that once the Revenue itself had identified the person in whose hands the income substantively belongs, the protective assessm...
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