20 March 2008
it is not defined in income tax act. it is done for the protection of interest of revenue. for e.g for a disputed property , the income from such house is assessed for all the assesses claiming the asset but tax is not collected. it will be collected on the decision of the court.
06 April 2008
protective assessment is a memorandum assessment. which is not specially difine in Act anywhere. this is done in disputed entity situations.
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