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2016 (1) TMI 120 - AT - Income TaxUndisclosed bank account of the assessee - CIT(A) allowed partial relief - Held that:- Theory of peak credit held making the additions of aggregate deposits in the bank account without giving the benefit of withdrawals made by the assessee from time to time is not justified. The Ld.CITA has rightly treated the peak balance as an unexplained investment made by the assessee in the nature of credits in the said bank account and , therefore, only that addition is only called for. The order of the Learned CITA is, therefore, upheld. - Decided against revenue
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