https://www.taxtmi.com/caselaws?id=333178 The ITAT upheld the CIT(A)'s decision in a tax case involving undisclosed savings bank account transactions. The ITAT confirmed the use of the peak credit method and inclusion of commission earned from the undisclosed account in the assessee's total income. The appeal by the Revenue was dismissed, and the cross-objection by the assessee was allowed. The order was pronounced on 19-08-2016, providing relief to the assessee and upholding the CIT(A)'s calculations and rationale. en-us Fri, 19 Aug 2016 00:00:00 +0530 Thu, 06 Oct 2016 12:27:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=333178 The ITAT upheld the CIT(A)'s decision in a tax case involving undisclosed savings bank account transactions. The ITAT confirmed the use of the peak credit method and inclusion of commission earned from the undisclosed account in the assessee's total income. The appeal by the Revenue was dismissed, and the cross-objection by the assessee was allowed. The order was pronounced on 19-08-2016, providing relief to the assessee and upholding the CIT(A)'s calculations and rationale. Case-Laws Income Tax Fri, 19 Aug 2016 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=333178