https://www.taxtmi.com/caselaws?id=792277 Bank certificates showing that the accounts relied on by the Assessing Officer were fixed deposit accounts opened earlier and closed on different dates were sufficient to discharge the assessee's initial onus on source and nature of the transaction. Because the addition was made in the faceless regime without proper verification of those documents, and the RTI material did not support the quantum added, the record did not justify treating the amount as unexplained income. The ITAT Ahmedabad deleted the addition of Rs. 52,00,000 and accepted the assessee's explanation. en-us Wed, 13 May 2026 00:00:00 +0530 Tue, 26 May 2026 08:24:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=792277 Bank certificates showing that the accounts relied on by the Assessing Officer were fixed deposit accounts opened earlier and closed on different dates were sufficient to discharge the assessee's initial onus on source and nature of the transaction. Because the addition was made in the faceless regime without proper verification of those documents, and the RTI material did not support the quantum added, the record did not justify treating the amount as unexplained income. The ITAT Ahmedabad deleted the addition of Rs. 52,00,000 and accepted the assessee's explanation. Case-Laws Income Tax Wed, 13 May 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=792277