Peak Credit Principle Used to Address Unexplained Bank Account Entries in Income Tax Cases, Findings Deemed Legal and Valid.

Addition on the basis of Peak Credit - unexplained credit entries in the bank account - basis of Peak Credit can be adopted to remove the cascading effect of the unexplained credit entries (both cash deposits and withdrawals) in the bank account - this is a well settled and common principle so adopted - The finding of facts cannot be said to be perverse or illegal in any manner .....

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