ITA No. 1829/DEL/2020 concerns the appeal by DCIT Central Circle-30, New Delhi against Gauri Madan regarding the assessment year 2017-18. The appeal targets the decision by CIT(A)-27, New Delhi, which deleted protective additions pertaining to alleged undeclared income from illegal activities.
The case details how protective additions were made pending substantive assessments of related parties. The tribunal’s focus was on whether these additions should be maintained or deleted pending the resolution of related assessments.
This article discusses the tribunal’s rationale for remanding the case back to CIT(A) to await the outcomes of related substantive assessments, following legal precedents that protective assessments should align with substantive findings.
The tribunal’s decision in ITA No. 1829/DEL/2020 clarifies the procedures for handling interconnected tax appeals and emphasizes the necessity for aligning protective and substantive assessments. The detailed analysis in this article explores the broader implications of this decision for future tax litigation and assessments.
In-depth Review of ITA 1829/DEL/2020: DCIT Central Circle-30, New Delhi vs. Gauri Madan
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