Addition of peak credit amount – Unexplained credits – Addition ...
Income Tax Act: Only Peak Credit as Income for Unexplained Credits u/ss 68 and 69.
April 30, 2014
Case Laws Income Tax AT
Addition of peak credit amount – Unexplained credits – Addition u/s 68 and 69 - only the peak credit can be taken as income out of the deposits made during the year to the bank account of the assessee - AT
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