Income Assessment Upheld: ITAT's Use of Peak Credit Deemed Appropriate, No Further Interference Required.

Addition u/s 68 - Addition as income of brokerage/commission @ 2% of cash deposits as accommodation entry provider - onus to prove - The High Court concluded that the respondent had disclosed complete details of the bank accounts and transactions, and the income was correctly determined as brokerage/commission on the cash deposits. - The peak credit adopted by the ITAT to determine income of the assessee does not require interference. - The order of ITAT deleting the additions confirmed. .....

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