Assessee gave an explanation, but Assessing Officer considered it to be vague, unsubstantiated and illogical and therefore rejected it. Accordingly, inflated credit balance of RIL was added as income of assessee. On appeal the Court held that-sufficient opportunity was granted to assessee to furnish evidence to prove genuineness of such credit balance, however, assessee was unable to avail of such opportunity. Addition on account of unexplained/non-existence alleged sundry creditors was justified. (AY. 2003-04)