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Gujarat High Court Upholds Addition u/s 68, Rejects "Peak Credit Principle" in Unexplained Bank Deposits Case.

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Full Text of the Document

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....Assessee unable to substantiate the money deposited in his bank accounts - Addition u/s 68 confirmed - The benefit of "peak credit principle" not extended Note:- On further, appeal the said addition was affirmed by Gujarat High Court in its order dated June 28, 2016....

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