No addition for Cash Deposited during Demonetization Period if not exceed Threshold Limit

Amar Singh Vs ACIT (ITAT Delhi)

Assessee submitted that as per CBDT Instruction No.3/2017 dated 21.02.2017, in case of an individual having no business income, no verification is required to be made, if the total cash deposits during the demonetization period is up to Rs.2.50 lacs.

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