https://www.taxtmi.com/caselaws?id=773198 Cash deposits in a bank account were not accepted as fully explained, but the Tribunal noted that the assessee had claimed peak credit on the basis of a recurring cash deposit and withdrawal pattern supported by a cash flow statement. Because that working had not been examined by the Assessing Officer or the first appellate authority, the matter was remanded for fresh verification with an opportunity to the assessee, and the addition was to be restricted to the verified peak credit rather than sustained on the gross deposits if the claim was proved. en-us Wed, 11 Jun 2025 00:00:00 +0530 Thu, 19 Jun 2025 08:29:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773198 Cash deposits in a bank account were not accepted as fully explained, but the Tribunal noted that the assessee had claimed peak credit on the basis of a recurring cash deposit and withdrawal pattern supported by a cash flow statement. Because that working had not been examined by the Assessing Officer or the first appellate authority, the matter was remanded for fresh verification with an opportunity to the assessee, and the addition was to be restricted to the verified peak credit rather than sustained on the gross deposits if the claim was proved. Case-Laws Income Tax Wed, 11 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773198