No addition for difference in cash Balance on mere assumptions

Kesarwani Sheetalaya Sahson Vs DCIT (ITAT Allahabad) Conclusion: Where there was difference of amount in question somewhere as per cash in hand as per books of account and lesser cash as per seized documents, it would also not suffice to make addition under section 68 or 69A because every person is at liberty to spend their own amount anywhere as per his choice and assessee had not claimed any deduction in this case. Examining the case of assessee from every possible angle, addition of Rs.37,30,710/- was wholly unjustified. Held:  Assessee was a partnership firm engaged in cold storage busine...