Live Help
Get News Alerts from on your desktop.
No Thanks Allow
You have blocked the notification on recent updates. Click below to re-subscribe.
No Thanks
You have already subscribed to Taxmann’s notification.
No Thanks UnSubscribe
Your Session Will Expire in   seconds.
If you do not wish to log-out, choose 'Let me continue'
Reset Session Cancel Session

ITAT didn’t accept ‘Peak credit’ theory as nature of cash deposits and their utilization stood unexplained

April 18, 2013[2013] 34 5 (Mumbai - Trib.)/[2013] 145 ITD 573 (Mumbai - Trib.)

IT : Where neither nature of cash deposits in bank nor their utilization stands explained by assessee satisfactorily, his plea that only peak amount of such deposits ought to be subject to tax was not maintainable

read more
Best view in 1140 x 768