https://www.taxtmi.com/caselaws?id=330688 The Tribunal directed the AO to correctly apply the peak credit theory by considering all transactions in the bank accounts, eliminating double taxation. The appeals were allowed for statistical purposes, and the AO was instructed to re-compute interest under sections 234A, 234B, and 234C based on the revised peak credit determination. en-us Fri, 15 Jul 2016 00:00:00 +0530 Wed, 03 Aug 2016 11:07:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=330688 The Tribunal directed the AO to correctly apply the peak credit theory by considering all transactions in the bank accounts, eliminating double taxation. The appeals were allowed for statistical purposes, and the AO was instructed to re-compute interest under sections 234A, 234B, and 234C based on the revised peak credit determination. Case-Laws Income Tax Fri, 15 Jul 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=330688