https://www.taxtmi.com/caselaws?id=797846 Retrospective application of section 292BC prevents invalidation of search assessments merely because approval under section 153D is alleged to lack sufficient reasons or contain defects in form or authentication. The common approval consequently does not invalidate the assessments. For alleged accommodation-entry loan transactions, commission income requires a supportable estimation based on relevant market comparables; differing rates and an unexplained uniform rate cannot be accepted in full. On the stated peculiar facts, taxable commission is confined to a uniform 0.15% rate, without precedential effect. en-us Fri, 21 Aug 2026 00:00:00 +0530 Fri, 28 Aug 2026 20:42:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=797846 Retrospective application of section 292BC prevents invalidation of search assessments merely because approval under section 153D is alleged to lack sufficient reasons or contain defects in form or authentication. The common approval consequently does not invalidate the assessments. For alleged accommodation-entry loan transactions, commission income requires a supportable estimation based on relevant market comparables; differing rates and an unexplained uniform rate cannot be accepted in full. On the stated peculiar facts, taxable commission is confined to a uniform 0.15% rate, without precedential effect. Case-Laws Income Tax Fri, 21 Aug 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=797846