Deceased Assessee’s Unexplained ₹15 Lakh Bank Deposit yielding ₹31 Interest: ITAT Remits for de novo Assessment

In the case of deceased assessees with unexplained bank deposits yielding interest, the ITAT has remitted the case for de novo assessment. The tax authorities had flagged the interest income but lacked sufficient proof to connect it to the deceased's income. The tribunal emphasized the need for a thorough review of the evidence before drawing conclusions. This ruling underscores the importance of accurate documentation and fair assessment processes in cases involving deceased taxpayers. It calls for proper examination to determine the legitimate source of income and ensure justice for the deceased’s estate.