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2014 (2) TMI 1217 - ITAT AHMEDABADAddition u/s 69A - CIT(A) deleted the addition - Held that:- There is no dispute about the fact that in the immediate preceding year AO has made the addition by applying peak credit theory in respect to the cash deposit in the same bank account and there was no change of circumstances during the year under appeal, therefore we feel that Ld. CIT(A) was justified in directing the AO to follow the same theory of peak credit while quantifying the undisclosed income of the assessee. Therefore we are not inclined to interfere with order passed Ld. CIT(A) and the same is hereby upheld. - Decided against revenue
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