https://www.taxtmi.com/caselaws?id=786565 Additions based on bank stock statements were upheld where the assessee, after remand and express opportunity to disprove ownership or signature and to cross examine bank officials, failed to produce contrary evidence; concurrent factual findings that stock statements prepared by the bank's godown keeper informed drawing power and reflected overdraft usage made the records reliable. The weeded out nature of older physical files did not vitiate the bank's procedural evidence or preclude upholding the additions. Appeal dismissed and assessments based on those statements sustained. en-us Tue, 10 Feb 2026 00:00:00 +0530 Sat, 14 Feb 2026 08:29:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=786565 Additions based on bank stock statements were upheld where the assessee, after remand and express opportunity to disprove ownership or signature and to cross examine bank officials, failed to produce contrary evidence; concurrent factual findings that stock statements prepared by the bank's godown keeper informed drawing power and reflected overdraft usage made the records reliable. The weeded out nature of older physical files did not vitiate the bank's procedural evidence or preclude upholding the additions. Appeal dismissed and assessments based on those statements sustained. Case-Laws Income Tax Tue, 10 Feb 2026 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=786565