https://www.taxtmi.com/caselaws?id=116701 The Tribunal upheld the application of the peak credit method for unexplained deposits, emphasizing the avoidance of double taxation and adherence to taxation principles. It rejected the department's appeals, affirming the CIT(A)'s decision and dismissing the challenge on the admission of additional evidence. The judgment underscored the significance of consistency in applying established methods and the requirement for clear evidence in procedural disputes. en-us Mon, 23 Feb 2004 00:00:00 +0530 Fri, 15 Jun 2012 10:09:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=116701 The Tribunal upheld the application of the peak credit method for unexplained deposits, emphasizing the avoidance of double taxation and adherence to taxation principles. It rejected the department's appeals, affirming the CIT(A)'s decision and dismissing the challenge on the admission of additional evidence. The judgment underscored the significance of consistency in applying established methods and the requirement for clear evidence in procedural disputes. Case-Laws Income Tax Mon, 23 Feb 2004 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=116701