https://www.taxtmi.com/caselaws?id=796073 Administrative approval preceded the notice under section 143(2), so the assessment was not invalid. Satisfaction recorded for reopening under section 151 was sufficient absent evidence of non-application of mind, and the unsupported challenge to approval under section 148B failed. Seized records were usable against the group because it possessed and controlled the premises, accepted and deciphered the records, and the entries matched group bank transactions. However, intermingled handwritten and digital cash-book entries required a single chronological peak-credit computation to prevent double taxation; separate on-money and other additions in the assessee's hands were to be removed and the incremental annual peak assessed in the designated flagship group entity. en-us Wed, 27 May 2026 00:00:00 +0530 Fri, 31 Jul 2026 08:27:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=796073 Administrative approval preceded the notice under section 143(2), so the assessment was not invalid. Satisfaction recorded for reopening under section 151 was sufficient absent evidence of non-application of mind, and the unsupported challenge to approval under section 148B failed. Seized records were usable against the group because it possessed and controlled the premises, accepted and deciphered the records, and the entries matched group bank transactions. However, intermingled handwritten and digital cash-book entries required a single chronological peak-credit computation to prevent double taxation; separate on-money and other additions in the assessee's hands were to be removed and the incremental annual peak assessed in the designated flagship group entity. Case-Laws Income Tax Wed, 27 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796073