https://www.taxtmi.com/article/detailed?id=15058 A cheque-in-hand credit recorded on the balance sheet date can be treated as a sum found credited and assessed under the deeming provision even if the cheque is not realized or is reversed shortly after year end; therefore, prudent practice is to record credit only after bank confirmation and to disclose provisional items to avoid adverse inferences about genuineness and source of funds. en-us Mon, 08 Sep 2025 13:37:29 +0530 Mon, 08 Sep 2025 13:37:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=15058 A cheque-in-hand credit recorded on the balance sheet date can be treated as a sum found credited and assessed under the deeming provision even if the cheque is not realized or is reversed shortly after year end; therefore, prudent practice is to record credit only after bank confirmation and to disclose provisional items to avoid adverse inferences about genuineness and source of funds. Articles Income Tax Mon, 08 Sep 2025 13:37:29 +0530 https://www.taxtmi.com/article/detailed?id=15058