https://www.taxtmi.com/caselaws?id=185193 The Tribunal partially allowed the Revenue's appeal, directing assessment of undisclosed income based on the peak amount deposited in the undisclosed bank account for the relevant Financial Year, rather than applying a 5% net profit estimation on cash and cheques deposits. The Cross objection by the assessee was dismissed. en-us Fri, 02 Jul 2010 00:00:00 +0530 Wed, 03 Aug 2016 12:56:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185193 The Tribunal partially allowed the Revenue's appeal, directing assessment of undisclosed income based on the peak amount deposited in the undisclosed bank account for the relevant Financial Year, rather than applying a 5% net profit estimation on cash and cheques deposits. The Cross objection by the assessee was dismissed. Case-Laws Income Tax Fri, 02 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185193