https://www.taxtmi.com/caselaws?id=796073 A single seized cash record containing intermingled group transactions and rotating funds requires a unified chronological peak-credit computation rather than separate entity-wise or gross-receipt additions, preventing double taxation. The notes state that the unified incremental annual peak should be assessed in the designated flagship group entity, so no separate on-money or other cash-book addition should remain in the assessee's assessment. They also state that prior administrative approval existed for the notice under section 143(2), the reopening sanction was valid absent evidence of non-application of mind, and seized records could be used because the group controlled the premises and accepted and deciphered the records. 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 A single seized cash record containing intermingled group transactions and rotating funds requires a unified chronological peak-credit computation rather than separate entity-wise or gross-receipt additions, preventing double taxation. The notes state that the unified incremental annual peak should be assessed in the designated flagship group entity, so no separate on-money or other cash-book addition should remain in the assessee's assessment. They also state that prior administrative approval existed for the notice under section 143(2), the reopening sanction was valid absent evidence of non-application of mind, and seized records could be used because the group controlled the premises and accepted and deciphered the records. Case-Laws Income Tax Wed, 27 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=796073