https://www.taxtmi.com/caselaws?id=210332 Benami account determination requires support from material found during the search; post-search investigative material alone cannot establish that accounts operated in other names belong to the assessee. Undisclosed income based on peak credit must be computed from the accounts actually operated during the relevant period and on the evidence established on record. A voluntary disclosure already incorporated into that computation cannot be added again, as this would duplicate the same income. The principles distinguish unsupported benami attribution from evidenced peak-credit computation and prevent double addition of disclosed amounts. en-us Mon, 04 Jul 2011 00:00:00 +0530 Wed, 08 Feb 2012 18:29:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=210332 Benami account determination requires support from material found during the search; post-search investigative material alone cannot establish that accounts operated in other names belong to the assessee. Undisclosed income based on peak credit must be computed from the accounts actually operated during the relevant period and on the evidence established on record. A voluntary disclosure already incorporated into that computation cannot be added again, as this would duplicate the same income. The principles distinguish unsupported benami attribution from evidenced peak-credit computation and prevent double addition of disclosed amounts. Case-Laws Income Tax Mon, 04 Jul 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=210332