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Addition U/s 69A

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(Querist)
13 March 2021 Our assessee is having income from House property and income from other source, He has a habit of preparing balance sheet and capital account at the end of the year at the year ending 31 March 2016 he had shown a Cash in hand in his books of account at Rs 13.5 lacs which he deposited in bank account during demonitization period.AO made addition U/s 69A as regarding Cash as Manipulated. I want to ask

1. Is assesseee having income from house property and other source required to maintain books of accounts as contemplated U/s 69A .
2. Can AO consider the cash in hand in balance sheet as manipulated.
Kindly quote any case law if possible.
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Dhirajlal Rambhia

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Dhirajlal Rambhia (Expert)
24 September 2021 Not mandatory.
Yes, when the amount cannot be justified at any cost.
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