https://www.taxtmi.com/caselaws?id=394146 Peak credit addition was sustained because the assessee failed to produce credible evidence explaining the nature and source of bank credits. The Tribunal treated the explanation as self-serving and found no worthwhile material to support the claimed commission income or rebut the peak credit computed by the lower authorities. On those facts, the appellate forum held that the estimation of peak credit was justified even without first rejecting the books of account, and no legal infirmity was shown in that approach. en-us Mon, 13 Jan 2020 00:00:00 +0530 Thu, 02 Apr 2020 13:08:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394146 Peak credit addition was sustained because the assessee failed to produce credible evidence explaining the nature and source of bank credits. The Tribunal treated the explanation as self-serving and found no worthwhile material to support the claimed commission income or rebut the peak credit computed by the lower authorities. On those facts, the appellate forum held that the estimation of peak credit was justified even without first rejecting the books of account, and no legal infirmity was shown in that approach. Case-Laws Income Tax Mon, 13 Jan 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394146