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Before going in to the details of the case, it is pertinent to understand the facts, circumstances and ground realities of demonetization period i.e. from 09.11.2016 to 31.12.2016. On the evening of 08.11.2016 at 8.15 p.m., in a surprise announcement, demonetization of old Rs.500/- and Rs. 1000/- notes was announced by the Government of India and the demonetization came into effect from 00.00 hrs of 9.11.2016. All the citizens of the country were given option to deposit old demonetized currency notes of Rs. 500/- and Rs. 1,000/- held by them as on 08.11.2016 by 31.12.2016 in their bank accounts besides nominal amounts of Rs. 2,000 to Rs.4,500 which could be exchanged from banks or withdrawn from ATMs. During the period OE'.11.2016 to 31.12.2016 there was virtually no liquidity it the country. Therefore, all the major business cash transactions in the month of November, 2016 took place only for 8 days from 01.11.2016 to 08.11.2016 in old currency notes of Rs. 500/- and Rs. 1000/- only. Demonetization was an unexpected announcement with the purpose of curbing black or parallel economy of the country. Owing to sudden announcement of demonetization, persons who had accumulated their unaccounted income as on 08.11.2016 in the fora of cash of old Rs.500/- and Rs. 1000/- currency notes were left with no option but to deposit their unaccounted income in their bank accounts or stand losing the entire money.