No Protective addition against Company if Dept already assessed Company MD

Ms Inderpuri Express Couriers Pvt Ltd Vs DCIT (ITAT Mumbai)

The AO has made protective addition in the hands of the assessee towards estimated commission income derived from hawala transactions on the ground that certain incriminating materials were found in the premises of the assessee and further, one of the employees has stated that the company is involved in hawala transactions. It is also an admitted fact that substantive addition made in the hands of Shri Vishal Kalantri has attained finality in view of the ord

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