https://www.taxtmi.com/caselaws?id=394394 The Tribunal partially allowed the appeal, reducing the addition of unexplained investments to Rs. 20.57 lakhs from the initial Rs. 47.95 lakhs. It excluded specific credit entries based on the Peak Credit Theory, considering the nature of transactions and directed the verification and granting of TCS credit of Rs. 2,71,726. The Tribunal's decision balanced the assessment of unexplained investments, exclusion of certain receipts, application of the Peak Credit Theory, and TCS credit verification, ultimately resulting in a partial success for the assessee. en-us Thu, 20 Feb 2020 00:00:00 +0530 Fri, 10 Apr 2020 13:53:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=394394 The Tribunal partially allowed the appeal, reducing the addition of unexplained investments to Rs. 20.57 lakhs from the initial Rs. 47.95 lakhs. It excluded specific credit entries based on the Peak Credit Theory, considering the nature of transactions and directed the verification and granting of TCS credit of Rs. 2,71,726. The Tribunal's decision balanced the assessment of unexplained investments, exclusion of certain receipts, application of the Peak Credit Theory, and TCS credit verification, ultimately resulting in a partial success for the assessee. Case-Laws Income Tax Thu, 20 Feb 2020 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=394394