MANI MUNJAL ,BIDHAN NAGAR vs. ITO-1(2), DURGAPUR, DURGAPUR

order : January 31, 2024 आदेश / ORDER संजय गग�, �या�यक सद�य �वारा / Per Sanjay Garg, Judicial Member: The present appeal has been preferred by the assessee against the order dated 28.06.2019 of the Commissioner of Income Tax (Appeals)- 11, Kolkata [hereinafter referred to as ‘CIT(A)’] passed u/s 250 of the Income Tax Act (hereinafter referred to as the ‘Act’). 2. The assessee in this appeal has taken the following grounds of appeal:

1. Instead of taking peak balance of undisclosed bank account whole of the deposits made during the year has been added as income. Hence appeal. Your Honor requested to consider the peak balance theory and provide the necessary relief.”