https://www.taxtmi.com/caselaws?id=792954 In alleged on-money reassessment disputes, the Tribunal applied its earlier binding precedent on identical facts and held that only the profit element could be taxed, not the entire receipt. It therefore restricted the addition to 8% of the disputed on-money amount and directed taxation under the normal provisions. It also held that section 115BBE did not apply on these facts, and relief was granted to that extent. The stated ratio is that where an on-money transaction is covered by binding precedent, taxation may be limited to the estimated profit element rather than the full amount. en-us Wed, 13 May 2026 00:00:00 +0530 Sat, 06 Jun 2026 08:42:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792954 In alleged on-money reassessment disputes, the Tribunal applied its earlier binding precedent on identical facts and held that only the profit element could be taxed, not the entire receipt. It therefore restricted the addition to 8% of the disputed on-money amount and directed taxation under the normal provisions. It also held that section 115BBE did not apply on these facts, and relief was granted to that extent. The stated ratio is that where an on-money transaction is covered by binding precedent, taxation may be limited to the estimated profit element rather than the full amount. Case-Laws Income Tax Wed, 13 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792954