https://www.taxtmi.com/caselaws?id=177287 The ITAT upheld the decision of the Ld. CIT(A) to restrict the addition of undisclosed income from bank account deposits to the combined peak credit amount. The ITAT emphasized the correct application of the peak credit method for assessing undisclosed income, highlighting the importance of considering all undisclosed bank accounts collectively. The revenue's appeal was dismissed, affirming the Ld. CIT(A)'s order. en-us Fri, 16 Jul 2010 00:00:00 +0530 Mon, 21 Aug 2023 17:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=177287 The ITAT upheld the decision of the Ld. CIT(A) to restrict the addition of undisclosed income from bank account deposits to the combined peak credit amount. The ITAT emphasized the correct application of the peak credit method for assessing undisclosed income, highlighting the importance of considering all undisclosed bank accounts collectively. The revenue's appeal was dismissed, affirming the Ld. CIT(A)'s order. Case-Laws Income Tax Fri, 16 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=177287