https://www.taxtmi.com/highlights?id=97609 Protective additions made in the society's assessment were held unsustainable because substantially identical diary entries were treated in substantive assessments of the individuals; the adjudicating body applied the peak-credit approach to allocate amounts to each individual and set those amounts off against income they had declared in the survey year. Given that surrendered income was credited to avoid double taxation, the protective addition in the society's hands was deleted on the ground that the same receipts cannot be taxed twice. en-us Thu, 12 Mar 2026 08:33:50 +0530 Thu, 12 Mar 2026 08:33:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=97609 Protective additions made in the society's assessment were held unsustainable because substantially identical diary entries were treated in substantive assessments of the individuals; the adjudicating body applied the peak-credit approach to allocate amounts to each individual and set those amounts off against income they had declared in the survey year. Given that surrendered income was credited to avoid double taxation, the protective addition in the society's hands was deleted on the ground that the same receipts cannot be taxed twice. Highlights Income Tax Thu, 12 Mar 2026 08:33:50 +0530 https://www.taxtmi.com/highlights?id=97609