https://www.taxtmi.com/caselaws?id=425286 The Tribunal partially allowed the appeal, restricting the addition of unexplained cash credit to Rs.3,20,000 based on the peak credit method. The decision emphasized the significance of analyzing transaction details and considering the peak credit amount in cases involving unexplained cash credits under section 68 of the Income Tax Act. en-us Tue, 31 May 2022 00:00:00 +0530 Wed, 20 Jul 2022 09:23:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=425286 The Tribunal partially allowed the appeal, restricting the addition of unexplained cash credit to Rs.3,20,000 based on the peak credit method. The decision emphasized the significance of analyzing transaction details and considering the peak credit amount in cases involving unexplained cash credits under section 68 of the Income Tax Act. Case-Laws Income Tax Tue, 31 May 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=425286