• Reassessment — Notice under section 148 — Change of opinion — Information regarding accommodation entry previously addressed and explanation accepted in first round of reassessment proceedings and order passed — Identical material related to issue of assessee being beneficiary of accommodation entry examined in earlier reassessment proceedings in 2013 — Second notice under section 148 in 2018 based on same alleged accommodation entry

• Recovery of tax — Application for waiver of pre-deposit of 20 per cent of assessed tax — Discretion to waive pre-deposit — Effect of CBDT circular — Circular cannot override powers of appellate authority

• Assessment — Principle of consistency — Income from house property or business income — Business income or capital gains — Rental income consistently assessed as income from house property in prior and subsequent assessment years — Sale of properties in two years cannot change nature of income when predominant activity remained same

International transactions — Transfer pricing — Computation of arm's length price — Selection of comparable — Transfer Pricing Officer including high brand value companies — Functional similarity alone not decisive factor,

. Time-Travel Tax Traps: Finance Bill 2026 Nullified Pending Judicial Relief. Courtroom Wins Undone: The Sneaky Retrospective Moves of Union Budget 2026 to follow here