https://www.taxtmi.com/caselaws?id=341271 The Tribunal upheld the additions of Rs. 46,010 and Rs. 19,37,590 as unexplained deposits and cash credit, respectively, in the bank account. The decision was based on the assessee's inability to substantiate the sources of these amounts with sufficient evidence. The Tribunal rejected the peak credit theory and confirmed the additions due to lack of proper documentation and inconsistencies in the explanations provided. The appeal was dismissed on 27-03-2017. en-us Mon, 27 Mar 2017 00:00:00 +0530 Wed, 05 Apr 2017 07:07:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=341271 The Tribunal upheld the additions of Rs. 46,010 and Rs. 19,37,590 as unexplained deposits and cash credit, respectively, in the bank account. The decision was based on the assessee's inability to substantiate the sources of these amounts with sufficient evidence. The Tribunal rejected the peak credit theory and confirmed the additions due to lack of proper documentation and inconsistencies in the explanations provided. The appeal was dismissed on 27-03-2017. Case-Laws Income Tax Mon, 27 Mar 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=341271