Central
Government has issued notification for the purpose
of demonitising the currency notes of Rs.500 and
1000 to curb the black money ... taking undue
advantage of the said demonitisation notification
8 Spl.C.C.123/2020
and with an intention to have wrongful gain,
accused
said
notice, detailed explanation was asked regarding
cash deposited during the demonitisation period
and as per paragraph no.22, the Assessing
Officer called for detailed ... hand as on 8th November, 2016 i.e. the date of
demonitisation which was subsequently deposited
in the bank by the petitioner. The petitioner
that the petitioner had
actually deposited Rs.1,02,31,000/- during
demonitisation period and not
Rs.1,08,11,007/- as the petitioner ... more than Rs. 1 crore in the bank
account during the demonitisation period
and there is no sufficient explanation
given by the petitioner for such
wife Smt. Savita Rawat. The petitioner claimed that
after demonitisation in the year 2016, money was deposited in the
accounts of the informant ... wife of
TSRCM.
5.3. It is totally wrong that during demonitisation any
money was deposited from Jharkhand in his or his family
member
January, 1946 the Governor General of India in Council promulgated two Ordinances demonitising currency notes of the value ... held by them. Ordinance No. 3 of 1946 (High Denomination Bank Notes (Demonitisation) Ordinance) provided for the procedure to be followed for the demonitisa-lion
liable to be deleted.
(3) THAT total old son cash deposited in Demonitisation Period Worth Rs. 11,00,000/- in
Saving Bank Account with Bank ... income tax record also, which means no ABNORMAL cash was deposited in demonitisation
period and cash deposited in demonitisation period was out of past savings
cash deposits made by the assessee into its bank account
during demonitisation period. The Ld A.R narrated the details of enquiries
made ... from the assessee with regard to Abnormal increase in cash deposits
during demonitisation period and specifically called for following details:-
(i) Amount of cash deposited
withdrawn during AY 2017-18
before demonitisation period. However, the AO has not agreed with the
submissions of the assessee. The assessee has not replied ... 2017-18 3
Narendra Khushalraj Kothari v. ACIT
deposited during the demonitisation period was remained unexplained
and the same was added to the total income
furnish the details of sources for
the cash deposits made during demonitisation period i.e.
09/11/2016 to 30/12/2016 in bank accounts ... vide his submission through e-proceedings stated that
during demonitisation period i.e. 09/41/2016 to
30/12/2016, as per the bank account
aggregating to
Rs.1.34 crores into his bank account during the
demonitisation period commencing from 08-11-2016. The AO
also noticed that ... submitted that there were
huge rush in the banks after announcement of
demonitisation and hence the assessee, in order to ensure
safety of cash
