Protective assessment_IT Act

This is a type of assessments that focus on those assessments which are made to 'protect' the interest of the revenue. Protective Assessment is permissible in law. It is occasioned when an income is offered by one person, while the Revenue considers that such income is assessable in the hands of other.

In the Income Tax Act, 1961 (the Act), there is provision to make only ‘regular assessment’. As per section 2(40) of the Act, ‘regular assessment’ means the assessment made under section 143(3) or section 144. Again as per section 2(8) of the Act, ‘assessment’ includes reassessment; therefore, assessment made under section 143(3) and 144 and 147 is also a ‘regular assessment’. Protective assessment is said to those assessments which are made to ‘protect’ the interest of the revenue

Nice explanation sourav

Thanks for the complement

Nicely explained

Protective assessment is a non-statutory assessment. its not prescribed under the act.
i doubt if its valid under the income tax act.