https://www.taxtmi.com/caselaws?id=365259 The appeal was allowed in part for statistical purposes. The Tribunal directed the Assessing Officer to tax only the combined peak credit balance of undisclosed bank accounts, set aside the addition of gifts received from parents due to lack of evidence, and sent back the issue of unsecured loans for proper consideration. The decision highlighted the importance of thorough verification and consideration of evidence in tax assessments. en-us Fri, 13 Jul 2018 00:00:00 +0530 Mon, 13 Aug 2018 20:05:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=365259 The appeal was allowed in part for statistical purposes. The Tribunal directed the Assessing Officer to tax only the combined peak credit balance of undisclosed bank accounts, set aside the addition of gifts received from parents due to lack of evidence, and sent back the issue of unsecured loans for proper consideration. The decision highlighted the importance of thorough verification and consideration of evidence in tax assessments. Case-Laws Income Tax Fri, 13 Jul 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=365259