No additions for cash deposit during demonetization & return is filed under presumptive taxation

No additions for cash deposit during demonetization & return is filed under presumptive taxation

Relevant Text

Since assessee is involved in small business activity and filed return of income under presumptive provisions under section 44AD of the I.T. Act, there was no justification to consider the sales of assessee to be bogus or to make addition of cash in hand as per details submitted by the assessee because A.O. did not bring any sufficient evidence on record to justify the addition. I, therefore, do not find any justification to sustain the addition. I, accordingly, set aside the Orders of the authorities below and delete the entire addition. 

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