Case Law Analysis
|Income Tax Appellate Tribunal
Peak Credit Method Mandatory for Unaccounted Cash Receipts | ITAT Pune Deletes Section 69A Additions : ITAT Pune
ITAT Pune rules that unaccounted cash receipts ('on-money') must be assessed under the unified peak credit method, striking down separate additions under Section 69A. The decision mandates a single peak computation for undisclosed income, preventing double taxation and ensuring consistency in tax assessments for real estate developers.