This is the error Message in Xcode:
While checking alphas in /Path/image@2x.png
pngcrush
caught libpng error: Not enough image dCommand /Applications/Xcode.app/Contents/Developer/Platforms/iPhoneOS.platform/Developer/usr/bin/copypng emitted errors but did not return a nonzero exit code to indicate failure
But the Application is running fine even with this error. Even the image is loading on the iPhone 4 running iOS 6.0
I tried removing the image and adding it again. Also tried saving it into png from Preview.