https://www.taxtmi.com/caselaws?id=188200 The Tribunal upheld the Commissioner's decision to consider only the peak credit amount of Rs. 20,27,531 as unexplained cash credit in the appeal against the addition of funds in the savings bank account. Despite the assessee's explanation of withdrawing and redepositing money at different locations, the Tribunal found it lacking credibility and upheld the Commissioner's order. The appeal was dismissed, affirming the direction to take only the peak credit amount as unexplained cash credit. en-us Fri, 15 May 2015 00:00:00 +0530 Tue, 22 Nov 2016 11:46:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=188200 The Tribunal upheld the Commissioner's decision to consider only the peak credit amount of Rs. 20,27,531 as unexplained cash credit in the appeal against the addition of funds in the savings bank account. Despite the assessee's explanation of withdrawing and redepositing money at different locations, the Tribunal found it lacking credibility and upheld the Commissioner's order. The appeal was dismissed, affirming the direction to take only the peak credit amount as unexplained cash credit. Case-Laws Income Tax Fri, 15 May 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=188200