Non-furnishing of balance sheet cannot lead to presumption that there was no cash in hand

Assessee has furnished the date-wise cash balance and each and every deposit in the bank account is shown to be out of the cash balance with the assessee. The opening cash balance as per the cash account is 9,13,080/- and the closing cash balance of the year is Rs. 12,50,983/-. The same is duly reflected in the balance sheet ended on 31st March, 2007 and 31st March, 2008 respectively. When in the electronic filing of the return there is no provision for filing of the balance sheet, then non-furnishing of the balance sheet cannot lead to the presumption that there was no cash in hand with the a...