https://www.taxtmi.com/caselaws?id=754525 ITAT Jodhpur ruled in favor of a salaried employee assessee whose CA fraudulently misused KYC documents to open bank accounts and conduct transactions. The CA was arrested by CBI and ED in a Rs. 2000 crore fraud case. The tribunal held that unexplained cash deposits cannot be added to the assessee's income when the CA was the mastermind who operated fraudulent accounts using the assessee's identity. The AO failed to conduct due diligence by not summoning the bank officer and CA who signed the forms. The assessee satisfactorily proved non-involvement in the transactions. en-us Tue, 05 Mar 2024 00:00:00 +0530 Tue, 25 Jun 2024 17:11:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=754525 ITAT Jodhpur ruled in favor of a salaried employee assessee whose CA fraudulently misused KYC documents to open bank accounts and conduct transactions. The CA was arrested by CBI and ED in a Rs. 2000 crore fraud case. The tribunal held that unexplained cash deposits cannot be added to the assessee's income when the CA was the mastermind who operated fraudulent accounts using the assessee's identity. The AO failed to conduct due diligence by not summoning the bank officer and CA who signed the forms. The assessee satisfactorily proved non-involvement in the transactions. Case-Laws Income Tax Tue, 05 Mar 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=754525