Addition made u/s 68 of the Act – Applicability of peak credit ...

Peak Credit Theory Not Applicable for Cash Deposits with Cheque Issuance, Rules Section 68 of Income Tax Act.

February 21, 2014

Case Laws Income Tax AT

Addition made u/s 68 of the Act – Applicability of peak credit theory – The peak credit theory is not applicable - there are deposits in cash but as against the said cash deposited, various cheques were issued - AT

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Addition made u/s 68 of the Act – Applicability of peak credit ...

Peak Credit Theory Not Applicable for Cash Deposits with Cheque Issuance, Rules Section 68 of Income Tax Act.

February 21, 2014

Case Laws Income Tax AT

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