Peak Credit Principle Used to Address Unexplained Bank Account Entries in Income Tax Cases, Findings Deemed Legal and Valid.

Peak Credit Principle Used to Address Unexplained Bank Account Entries in Income Tax Cases, Findings Deemed Legal and Valid. https://www.taxtmi.com/highlights?id=46641 Addition on the basis of Peak Credit - unexplained credit entries in the bank account - basis of Peak Credit can be adopted to remove the cascading effect of the unexplained credit entries (both cash deposits and withdrawals) in the bank account - this is a well settled and common principle so adopted - The finding of facts cannot be said to be perverse or illegal in any manner en-us Mon, 20 May 2019 07:03:32 +0530 Mon, 20 May 2019 07:03:32 +0530 TaxTMI RSS Generator Peak Credit Principle Used to Address Unexplained Bank Account Entries in Income Tax Cases, Findings Deemed Legal and Valid. https://www.taxtmi.com/highlights?id=46641 Addition on the basis of Peak Credit - unexplained credit entries in the bank account - basis of Peak Credit can be adopted to remove the cascading effect of the unexplained credit entries (both cash deposits and withdrawals) in the bank account - this is a well settled and common principle so adopted - The finding of facts cannot be said to be perverse or illegal in any manner Highlights Income Tax Mon, 20 May 2019 07:03:32 +0530 https://www.taxtmi.com/highlights?id=46641