https://www.taxtmi.com/caselaws?id=310488 The ITAT dismissed the Revenue's appeal against the CIT(A)'s order for the 2008-2009 assessment year, which involved the addition of unaccounted income in an undisclosed bank account. The ITAT upheld the CIT(A)'s decision to assess only the peak amount of cash deposits, finding the calculation appropriate and without error. The Revenue's argument against allowing peak credit benefit was rejected, affirming the CIT(A)'s order. The decision was pronounced in Open Court. en-us Fri, 04 Oct 2013 00:00:00 +0530 Fri, 27 Oct 2023 13:07:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310488 The ITAT dismissed the Revenue's appeal against the CIT(A)'s order for the 2008-2009 assessment year, which involved the addition of unaccounted income in an undisclosed bank account. The ITAT upheld the CIT(A)'s decision to assess only the peak amount of cash deposits, finding the calculation appropriate and without error. The Revenue's argument against allowing peak credit benefit was rejected, affirming the CIT(A)'s order. The decision was pronounced in Open Court. Case-Laws Income Tax Fri, 04 Oct 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310488