https://www.taxtmi.com/caselaws?id=182768 The Tribunal set aside the orders of the AO and CIT(A) for not following its direction to consolidate all bank accounts for peak credit determination. The proper method was deemed to be recalculating the peak credit of the consolidated bank accounts. Both the Revenue and Assessee's appeals were allowed for statistical purposes. (Judgment Date: 09.05.2012) en-us Wed, 09 May 2012 00:00:00 +0530 Thu, 19 May 2016 12:08:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=182768 The Tribunal set aside the orders of the AO and CIT(A) for not following its direction to consolidate all bank accounts for peak credit determination. The proper method was deemed to be recalculating the peak credit of the consolidated bank accounts. Both the Revenue and Assessee's appeals were allowed for statistical purposes. (Judgment Date: 09.05.2012) Case-Laws Income Tax Wed, 09 May 2012 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=182768