Held that where the assessee had made frequent cash withdrawals and deposits ,he should not be denied the benefit of peak credit and it was only peak shortage which could be added as unexplained income under section 69A. (AY. 2011 -12)
Kamal Chand Sisodiya v.ITO ( 2024) 167 taxmann.com 671 ( Indore )( Trib)
S. 69A : Unexplained money -Frequent cash withdrawals and deposit – Only peak shortage could be added as unexplained under section 69A .
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