https://www.taxtmi.com/highlights?id=105603 Peak-credit computation for merged undisclosed bank accounts must neutralise same-day transfers between those accounts, since they merely shift the same funds and cannot increase the highest adjusted balance. The resulting addition requires recomputation after excluding transfer effects, rather than calculating the peak from balances distorted by internal deposits. An undisclosed rental-income addition previously deleted in the first appellate round cannot be revived by the Assessing Officer during a set-aside assessment; it remains deleted. Quantification disputes are substantive appellate matters, not apparent errors capable of rectification, rendering a related rectification proceeding consequential. en-us Fri, 30 Oct 2026 09:42:25 +0530 Fri, 30 Oct 2026 09:42:25 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=105603 Peak-credit computation for merged undisclosed bank accounts must neutralise same-day transfers between those accounts, since they merely shift the same funds and cannot increase the highest adjusted balance. The resulting addition requires recomputation after excluding transfer effects, rather than calculating the peak from balances distorted by internal deposits. An undisclosed rental-income addition previously deleted in the first appellate round cannot be revived by the Assessing Officer during a set-aside assessment; it remains deleted. Quantification disputes are substantive appellate matters, not apparent errors capable of rectification, rendering a related rectification proceeding consequential. Highlights Income Tax Fri, 30 Oct 2026 09:42:25 +0530 https://www.taxtmi.com/highlights?id=105603