https://www.taxtmi.com/caselaws?id=326748 The Tribunal partly allowed the appeal, directing the AO to adopt the peak credit method for taxing transactions in the undisclosed account, verify shareholding patterns and accumulated profits, ascertain the nature of the director's remuneration, and confirm reimbursement of taxes. The Tribunal granted relief for a cash deposit partially explained by withdrawals but upheld an unexplained cash deposit. Further examination and verification were emphasized for accurate application of legal provisions. en-us Mon, 29 Feb 2016 00:00:00 +0530 Sat, 23 Apr 2016 10:55:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=326748 The Tribunal partly allowed the appeal, directing the AO to adopt the peak credit method for taxing transactions in the undisclosed account, verify shareholding patterns and accumulated profits, ascertain the nature of the director's remuneration, and confirm reimbursement of taxes. The Tribunal granted relief for a cash deposit partially explained by withdrawals but upheld an unexplained cash deposit. Further examination and verification were emphasized for accurate application of legal provisions. Case-Laws Income Tax Mon, 29 Feb 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=326748