https://www.taxtmi.com/caselaws?id=328108 The ITAT upheld the CIT(A)'s decision regarding unaccounted cash transactions, deficit stock, and addition of gross profit for the assessment year 2009-10. It emphasized considering both payments and receipts, adopting only peak credit for taxation. The ITAT dismissed appeals by both the Revenue and the assessee, confirming the CIT(A)'s rulings. en-us Fri, 22 Apr 2016 00:00:00 +0530 Thu, 29 Dec 2016 18:28:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=328108 The ITAT upheld the CIT(A)'s decision regarding unaccounted cash transactions, deficit stock, and addition of gross profit for the assessment year 2009-10. It emphasized considering both payments and receipts, adopting only peak credit for taxation. The ITAT dismissed appeals by both the Revenue and the assessee, confirming the CIT(A)'s rulings. Case-Laws Income Tax Fri, 22 Apr 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=328108