Addition regarding Cash deposit in Bank Account - based on AIR ...

Case Laws Income Tax

July 5, 2019

Addition regarding Cash deposit in Bank Account - based on AIR Information - when there is no evidence with the Revenue that the withdrawals made by the assessee systematically from the bank account have been utilized for some other purpose other than for the unaccounted business of the assessee then the assessee should be given the benefit of peak credit theory and only the peak credit has to be sustained

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Addition regarding Cash deposit in Bank Account - based on AIR ...

Case Laws Income Tax

July 5, 2019

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