deleted and the Ld. CIT(A) also
confirmed the rejection of peak theory of the assessee. However, out of the
additions made ... hands of the assessee. The ITAT also accepted the peak theory in
para 50 and 51 on internal page 108 to 110 of its order
acceptable by the AO for the reasons
that gross profit and peak theory can be applied where the
assessee is able to substantiate ... earlier
years. Therefore, the AO was of the view that peak theory
applied by the assessee is not correct and the total
undisclosed income offered
circumstances, we find that various courts have held to apply the
peak credit theory and in this regard, we rely in the order ... same to tax., However, he shifted his stand by accepting the peak
credit theory before the ld. CIT(A). This is evident from the fact
Dargaha Committee on the basis of the
working of the Peak Theory.
It is humbly submitted that this register is totally
maintained for the income ... Dargaha
Committee on the basis of the working of the peak theory.
The register maintained was totally for the income and
expenses of Tode Wale
The Acit, (Central)-Ii, Bhopal vs M/S. Indus Holidays & Tours India ... on 28
amount on account of peak, therefore, in such a
cash where no books of accounts are maintained the peak theory
is best method to assess ... explanation as offered in respect of each
and every entry and peak theory. The will calculate the peaks of
each bank accounts separately. The assessee
been made through unexplained
income and in such cases the peak theory must be applied.
3.2.3. After considering claim of the appellant and findings ... However, the appellant has taken alternate
plea, though not accepted that peak credit theory should be adopted for ascertaining
unexplained investment. The appellant has summarized
been made through unexplained
income and in such cases the peak theory must be applied.
3.2.3. After considering claim of the appellant and findings ... However, the appellant has taken alternate
plea, though not accepted that peak credit theory should be adopted for ascertaining
unexplained investment. The appellant has summarized
been made through unexplained
income and in such cases the peak theory must be applied.
3.2.3. After considering claim of the appellant and findings ... However, the appellant has taken alternate
plea, though not accepted that peak credit theory should be adopted for ascertaining
unexplained investment. The appellant has summarized
been made through unexplained
income and in such cases the peak theory must be applied.
3.2.3. After considering claim of the appellant and findings ... However, the appellant has taken alternate
plea, though not accepted that peak credit theory should be adopted for ascertaining
unexplained investment. The appellant has summarized
