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Lessor cash found in search proceedings couldn't be basis for sec. 68 additions

November 7, 2019[2019] 110 415 (Allahabad)/[2019] 267 Taxman 216 (Allahabad)/[2019] 418 ITR 369 (Allahabad)

INCOME TAX : If in search, actual cash in hand was found to be lesser than that in account books, same could not be ground for addition

INCOME TAX : Where assessee was running cold storage business under strict compliance of State Cold Storage Act and there was no violation of said Act, revenue could not presume that same other business was done by assessee and make addition to its income
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