https://www.taxtmi.com/caselaws?id=259873 The Tribunal concluded that the peak credit should be recalculated, excluding the opening balance and the brother's bank account. Once the peak credit is determined, no separate addition for commission income should be made. The final addition will be based solely on the recalculated peak credit. The appeal by the assessee was thus partly allowed, directing the AO to work out the peak credit accordingly. en-us Wed, 25 Feb 2015 00:00:00 +0530 Mon, 25 May 2015 08:15:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=259873 The Tribunal concluded that the peak credit should be recalculated, excluding the opening balance and the brother's bank account. Once the peak credit is determined, no separate addition for commission income should be made. The final addition will be based solely on the recalculated peak credit. The appeal by the assessee was thus partly allowed, directing the AO to work out the peak credit accordingly. Case-Laws Income Tax Wed, 25 Feb 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=259873