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2016 (1) TMI 182 - HC - Income TaxPeak credit - undisclosed bank account - ITAT deleted the addition - Held that:- CIT (A) and Tribunal committed no error. There was nothing with the department to suggest that entire deposit of ₹ 2.46 crores represents the income of the assessee. CIT (A) instead of adding 1% of ₹ 2.46 crores adopted peak credit theory, which was also upheld by the Tribunal. No question of law arises. - Decided against revenue
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