Income Tax Act Section 69: Cash deposits peak credit treated separately from investments; re-deposited cash not for asset purchase.

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....Addition u/s.69 towards cash deposits in the bank account - determining the peak credit - where the peak is added, the investment made by the assessee has to be added separately and it cannot be claimed that the cash re-deposited in the bank after withdrawal was used for purchase of any other asset. Thus we uphold the addition - AT....