observed as under:
"The case involving the encashment of high denomination notes are quite
numerous. In some of them, the explanation tendered ... that the assessee held the amount or part of it in high denomination notes. In other
words, in such cases, the assessee was held, prima
Suwalka And Suwalka Properties And ... vs Acit, Central Cirlce, Kota, Kota, ... on 3 October, 2024
department to prove that the amount received from the
encashment of high denomination notes was income. Thus, in this
relied upon case the assessee ... 115BBE - assessee had deposited the sum in
high denominations of specified bank notes (SBNs) post
demonetization - CIT-A deleted the addition - HELD THAT:- The
assessee
Government of India are as
under:-
1. Press Release - Cancellation of high denomination notes
2. Notification No. 3407(E) dated 08.11.2016
3. Notification ... fake Indian currency notes in higher denomination has
increased. For ordinary persons, the fake notes look similar to genuine
notes, even though no security feature
fake Indian currency notes in higher denomination has
increased. For ordinary persons, the fake notes look similar to genuine
notes, even though no security feature ... amounts from time
to time in currencies of various denominations including high
denomination notes. He could, however, satisfy the authorities about
the fact that
fake Indian currency notes in higher denomination
has increased. For ordinary persons, the fake notes look similar to
genuine notes, even though no security feature ... amounts from time to time in currencies of various
denominations including high denomination notes. He could,
however, satisfy the authorities about the fact that
fake Indian currency notes in higher
denomination has increased. For ordinary persons, the fake notes
look similar to genuine notes, even though no security feature ... amounts from time to time in currencies of various
denominations including high denomination notes. He could,
however, satisfy the authorities about the fact that
fake Indian currency notes in higher denomination
has increased. For ordinary persons, the fake notes look similar to
genuine notes, even though no security feature ... amounts from time to time in currencies of various
denominations including high denomination notes. He could,
however, satisfy the authorities about the fact that
fake Indian currency notes in higher denomination
has increased. For ordinary persons, the fake notes look similar to
genuine notes, even though no security feature ... amounts from time to time in currencies of various
denominations including high denomination notes. He could,
however, satisfy the authorities about the fact that
fake Indian currency notes in higher
denomination has increased. For ordinary persons, the fake notes
look similar to genuine notes, even though no security feature ... currencies of various
:- 11 -: ITA No.2380/Chny/2025
denominations including high denomination notes. He could,
however, satisfy the authorities about the fact that
