https://www.taxtmi.com/caselaws?id=185195 Late service of an assessment order did not by itself establish that the assessment was time-barred where the order was dated within the permissible period and there was no material to show backdating. In relation to an undisclosed bank account, repeated deposits and withdrawals indicated circulation of the same funds, so the unexplained amount was confined to the peak balance rather than the aggregate of all entries. The addition was therefore restricted to the peak balance as unexplained investment under section 69, and the larger addition was reduced accordingly. en-us Fri, 30 Jul 2010 00:00:00 +0530 Wed, 03 Aug 2016 13:50:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=185195 Late service of an assessment order did not by itself establish that the assessment was time-barred where the order was dated within the permissible period and there was no material to show backdating. In relation to an undisclosed bank account, repeated deposits and withdrawals indicated circulation of the same funds, so the unexplained amount was confined to the peak balance rather than the aggregate of all entries. The addition was therefore restricted to the peak balance as unexplained investment under section 69, and the larger addition was reduced accordingly. Case-Laws Income Tax Fri, 30 Jul 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=185195