https://www.taxtmi.com/caselaws?id=188111 The Tribunal allowed the Revenue's appeal, upholding the Assessing Officer's decision to treat the entire deposit of Rs. 6,30,89,413 in the undisclosed bank account as the assessee's undisclosed income. The Tribunal emphasized the importance of following higher judicial precedents and ruled that the CIT(A) erred in only taxing the peak credit balance, as the entire deposit should be considered income when the source of funds is not adequately explained. en-us Thu, 07 Aug 2014 00:00:00 +0530 Fri, 18 Nov 2016 14:05:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188111 The Tribunal allowed the Revenue's appeal, upholding the Assessing Officer's decision to treat the entire deposit of Rs. 6,30,89,413 in the undisclosed bank account as the assessee's undisclosed income. The Tribunal emphasized the importance of following higher judicial precedents and ruled that the CIT(A) erred in only taxing the peak credit balance, as the entire deposit should be considered income when the source of funds is not adequately explained. Case-Laws Income Tax Thu, 07 Aug 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188111