
Once unaccounted income is admitted & attains finality, no protective addition can be made
November 26, 2025
Income Tax, ITAT
Once unaccounted income is admitted and issue attains finality, no addition can be made on a protective basis for the same income on other assessee. In a recent judgment, ITAT Visakhapatnam has held that once the searched person admitted the unaccounted cash receipts as its income, and the …
