Peak credit theory not applicable when cash not withdrawn but only deposited in bank account and used for investment in mutual funds.
June 19, 2016
Income Tax, ITAT, Judgments
Peak credit theory not applicable when cash not withdrawn but only deposited in bank account and used for investment in mutual funds-ITAT ABCAUS Case Law Citation: 952 2016 (06) ITAT Assessment Year: 2009-10 Date/Month of Judgment/Order: June, 2016 Brief Facts of the Case: In this cross objection filed …