Legal Heir Cannot Be Expected to Explain Unexplained Bank Credits of Deceased: ITAT notes AO fails to Verify Sources, Deletes Penalty

The ITAT has deleted a penalty, ruling that a "legal heir cannot be expected to explain the unexplained bank credits of a deceased person" and has noted that the AO failed to verify the sources. The tribunal's decision provides a significant victory for the legal heir. The ruling reinforces the principle that a legal heir cannot be held responsible for the financial transactions of the deceased person.