Violation of limit cash on hand rule

Kollipara Sundaraiah (B.com) (2984 Points)

05 January 2024  
it assessess sec 44ada provision itr filed f.y.22-23.but cash on hand rs:25 lacs as on dt:31-03-23 as per account records.
question:
assessess violation of limit cash on hand rule in it act and penalty imposed in it act