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2013 (4) TMI 93 - HC - Income TaxAddition on account of undisclosed income - difference in cash balance as per the regular balance and balance submitted during the course of the proceedings. - held that:- The Tribunal appears to have decided the issue on the ground that the Assessing Officer has gone more on conjectures, where he held that as per the disclosed sources of income the assessee should have possessed more cash. It is rightly pointed out that it is not the case of the Department that the asset was found and not explained by the assessee. Therefore, nobody was empowered to add anything on the basis of such kind of findings. Issue is essentially based on facts and since logic given is unacceptable, it calls for no interference.
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