Presumptive Taxation and additions

Assessee is individual and filling return regularly by offering income U/sec. 44AD . During the  course of assessment proceedings assesee submitted the summary of cash account and bank account deposits in bank account is less than the Turnover also submitted statement of affairs .Assessing Officer has added entire turnover as unexplained receipts u/sec. 69A of the Act on the ground that assessee has not given the evidence of items traded and proof of sales . Is  the action of AO is correct , he has not given any show cause Notice in this context.  Pl guide

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  Presumptive Income under section 44AD of the Income tax Act 1961 how many years the assessee can continue ?

Individual or HUF who opt for Presumptive Income under section 44AD, is he continued till turnover not exceed as prescribed by law or he will continue for only five years from the date of first year when he opt for Presumptive Income.

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