https://www.taxtmi.com/highlights?id=55601 Addition u/s 68 - unexplained cash credit - The assessee had to discharge the primary onus in that regard. The peak credit worked out by the assessee, on the basis that the principle of peak credit applied, notwithstanding the failure to explain each of the sources of the deposits and the corresponding destinations of the payments without squaring them off, was not permissible - AT en-us Mon, 23 Nov 2020 14:24:48 +0530 Mon, 23 Nov 2020 14:24:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=55601 Addition u/s 68 - unexplained cash credit - The assessee had to discharge the primary onus in that regard. The peak credit worked out by the assessee, on the basis that the principle of peak credit applied, notwithstanding the failure to explain each of the sources of the deposits and the corresponding destinations of the payments without squaring them off, was not permissible - AT Highlights Income Tax Mon, 23 Nov 2020 14:24:48 +0530 https://www.taxtmi.com/highlights?id=55601