https://www.taxtmi.com/caselaws?id=784696 Cash deposits in the assessee's bank accounts were treated as undisclosed income, but the addition was held to be restricted by applying the peak credit method. The assessment had been completed under section 144 read with section 147 because the assessee did not comply with the proceedings. As the facts were stated to be the same as in an earlier year, the principle of consistency was applied and the earlier appellate approach to estimate income on peak credit was followed. The Assessing Officer was directed to compute income on that basis, and the appeal was partly allowed in favour of the assessee. en-us Fri, 28 Nov 2025 00:00:00 +0530 Sat, 10 Jan 2026 08:25:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=784696 Cash deposits in the assessee's bank accounts were treated as undisclosed income, but the addition was held to be restricted by applying the peak credit method. The assessment had been completed under section 144 read with section 147 because the assessee did not comply with the proceedings. As the facts were stated to be the same as in an earlier year, the principle of consistency was applied and the earlier appellate approach to estimate income on peak credit was followed. The Assessing Officer was directed to compute income on that basis, and the appeal was partly allowed in favour of the assessee. Case-Laws Income Tax Fri, 28 Nov 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=784696