Protective assessment

655 views 1 replies

what is protective assessment ? explain it ?

Replies (1)
It is made in a case where there are doubts relating to the true ownership of the income. If there is an uncertainty regarding the person to be taxed, then at the discretion of the assessing officer, the same may be added in the hands of one of them on protective basis. Further, it is not a method of assessment..but assessment is done u/s 143 or 144 as per the court's order. Some of the feautures of this assessment are..1) it does nt invalidate other assessment, 2) Penalty can not be imposed on the strength of a protective assessment, 3) Assessee has right to make appeal against this assessment.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 18 June 2026
Article Assistance

RB KESHRI & CO.

Mumbai

CA Inter

View Details
Company
27 May 2026
Audit Assitant

Virender K Gupta and Co

New Delhi

B.Com

View Details
Company
29 May 2026
Company Secretary - Part time

Shaswat initial support private limited

Ahmedabad

CS

View Details
Company
12 June 2026
Accounts & Taxation Executive

Winshine Financial Services

Mumbai

CA Inter

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
16 June 2026
Sr. Associate / Assistant Manager | TAS / FDD

Boutique Investment Bank & Transaction Advisory Firm

Gurgaon

CA

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details