Addition on the basis of Peak Credit - unexplained credit ...

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

May 20, 2019

Case Laws Income Tax HC

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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Addition on the basis of Peak Credit - unexplained credit ...

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

May 20, 2019

Case Laws Income Tax HC

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