https://www.taxtmi.com/caselaws?id=786540 Where an assessee produces credible donor bank statements showing closure of fixed deposits, receipt of maturity proceeds and transfer to the assessee, the triple test of identity, genuineness and creditworthiness is satisfied and additions as unexplained investment cannot be sustained; the addition under Section 69 was deleted. Conversely, where bank credits from a relative are shown but the assessee fails to produce the relative's bank statements or other corroborative evidence to establish source or genuineness, the assessing authority's addition as unexplained income is justified; the addition under Section 69A was upheld. en-us Fri, 30 Jan 2026 00:00:00 +0530 Sat, 14 Feb 2026 08:29:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786540 Where an assessee produces credible donor bank statements showing closure of fixed deposits, receipt of maturity proceeds and transfer to the assessee, the triple test of identity, genuineness and creditworthiness is satisfied and additions as unexplained investment cannot be sustained; the addition under Section 69 was deleted. Conversely, where bank credits from a relative are shown but the assessee fails to produce the relative's bank statements or other corroborative evidence to establish source or genuineness, the assessing authority's addition as unexplained income is justified; the addition under Section 69A was upheld. Case-Laws Income Tax Fri, 30 Jan 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786540