https://www.taxtmi.com/caselaws?id=468440 Disputed bank credits cannot support deletion of an addition where the relevant bank statements conflict and the underlying entry is not reconciled with the bank. The record showed one statement reflecting the credit and another omitting it with a different closing balance, while the basis of the entry remained unverified on the existing materials. In such circumstances, the matter requires fresh examination with proper reconciliation and an opportunity to both sides, and the earlier deletion cannot stand on an incomplete record. The issue was therefore sent back for reconsideration in accordance with law. en-us Thu, 30 Jun 2011 00:00:00 +0530 Wed, 06 May 2026 16:00:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=468440 Disputed bank credits cannot support deletion of an addition where the relevant bank statements conflict and the underlying entry is not reconciled with the bank. The record showed one statement reflecting the credit and another omitting it with a different closing balance, while the basis of the entry remained unverified on the existing materials. In such circumstances, the matter requires fresh examination with proper reconciliation and an opportunity to both sides, and the earlier deletion cannot stand on an incomplete record. The issue was therefore sent back for reconsideration in accordance with law. Case-Laws Income Tax Thu, 30 Jun 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=468440