The Assessee is a trader of electrical items. The Assessing Officer made  an addition under section 69A  in respect of cash deposited in to bank account during demonetization period. He also invoked provision of section 44AD and calculated net profit at rate of 8 per cent on rest amount which was also added back with total income of assessee. Commissioner (Appeals) affirmed order of Assessing Officer. On appeal the Tribunal held that the   assessee is a  registered dealer under VAT Act.  Turnover declared by assessee was much higher turnover than determined by Assessing Officer in assessment. Further, Assessing Officer without considering earlier years net profit and nature of business had determined NP at rate of 8 per cent. Since cash deposit was part of turnover, addition made by Assessing Officer under section 69A  and calculation of net profits was to be restricted to at rate of 3 per cent of turnover amount. (AY. 2017-18)