Income Tax and Law of Protective Assessment

*Income Tax and Law of Protective Assessment*

In case of Pratibha Singh v. ACIT [2026] GCtR 169 (ITAT, Chandigarh), in context of Income-tax Act, 1961 it is held that protective assessment cannot be invoked merely because an assessee disputes ownership. It arises only when the Assessing Officer himself taxes the same income in alternative hands owing to his own doubt. The case involved investment in life insurance policies.