https://www.taxtmi.com/caselaws?id=377833 The Tribunal upheld the CIT(A)'s decision on the estimation of suppressed receipts, validated additions based on seized documents, and applied the peak credit theory for unexplained cash deposits. It confirmed the levy of interest under sections 234A, 234B, and 234C while deleting additions for non-abated assessment years due to the absence of incriminating material. The judgment provided a comprehensive analysis, considering legal principles and precedents, resulting in a balanced and justified outcome. en-us Thu, 28 Mar 2019 00:00:00 +0530 Wed, 03 Apr 2019 12:45:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=377833 The Tribunal upheld the CIT(A)'s decision on the estimation of suppressed receipts, validated additions based on seized documents, and applied the peak credit theory for unexplained cash deposits. It confirmed the levy of interest under sections 234A, 234B, and 234C while deleting additions for non-abated assessment years due to the absence of incriminating material. The judgment provided a comprehensive analysis, considering legal principles and precedents, resulting in a balanced and justified outcome. Case-Laws Income Tax Thu, 28 Mar 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=377833