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Assessing Officer's Order Quashed for Failing to Implement ITAT's Directive on Peak Credit Calculation Precisely.

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....Power of AO to determine income in remand case - ITAT direction to addition based on peak credit - It is trite law that the AO has a legal obligation to implement the order of the ITAT strictly and such failure would result in the failure of justice and it is ex-facie apparent that no peak credit of the bank account has been worked out by the AO - the order of AO stands quashed....

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Assessing Officer's Order Quashed for Failing to Implement ITAT's Directive on Peak Credit Calculation Precisely.