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2013 (5) TMI 299 - AT - Income TaxAddition on account of peak credit balance - Held that:- As the dispute is with regard to three bank accounts, the transactions of which, according to the assessee, have been declared to the department, whereas it is the stand of the department that only those transactions which have not been disclosed by the assessee, have been considered for the purpose of working out the peak credit it is desirable to remit the matter back to the file of the AO for doing the assessment de novo after verifying the transactions in all the bank accounts maintained by the assessee.
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