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Penalty provision applicable limit for cash on hand

This query is : Resolved 
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(Querist)
12 January 2024 Sir,
A person itr filed professional income f.y.22-23 dt:30-12-23 sec 44ada provision in it act.but cash on hand balance rs:25 lacs as on dt:31-03-23 as per account records.
Question:
Assessess limit of cash on hand provision applicable and penalty imposed.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
12 January 2024 No problem in case ITR filed with valid source of disclosed income
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