https://www.taxtmi.com/caselaws?id=773429 ITAT Ahmedabad allowed the appeal and restored the matter to AO for fresh consideration regarding unexplained cash deposits under Section 69A. The assessee, who was a minor at the time of alleged deposits, claimed the bank account was opened by misusing his PAN details and filed a police complaint. The tribunal found tax authorities failed to conduct proper inquiry by not obtaining account opening forms, bank statements, or verifying who actually operated the account. CIT(A) had confirmed the addition solely based on lack of police inquiry, which the tribunal deemed insufficient. Given the assessee's age, lack of financial capacity, and specific denial of opening the account, the tribunal directed de-novo assessment with proper verification from the bank. en-us Mon, 16 Jun 2025 00:00:00 +0530 Mon, 23 Jun 2025 08:42:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=773429 ITAT Ahmedabad allowed the appeal and restored the matter to AO for fresh consideration regarding unexplained cash deposits under Section 69A. The assessee, who was a minor at the time of alleged deposits, claimed the bank account was opened by misusing his PAN details and filed a police complaint. The tribunal found tax authorities failed to conduct proper inquiry by not obtaining account opening forms, bank statements, or verifying who actually operated the account. CIT(A) had confirmed the addition solely based on lack of police inquiry, which the tribunal deemed insufficient. Given the assessee's age, lack of financial capacity, and specific denial of opening the account, the tribunal directed de-novo assessment with proper verification from the bank. Case-Laws Income Tax Mon, 16 Jun 2025 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=773429