No addition for cash deposited below Rs. 2.5 Lakh during demonetization period

Aniket Agarwal Vs ITO (ITAT Delhi)

In this case the sole issue for my consideration is that as to whether any addition can be made and confirmed in the hands of the assessee on account of cash deposit of Rs.2,30,000/- during demonetization period.

Ld. AR submitted that as per Instruction No. 03 of 2013 dated 21.02.2017 Annexure guideline No. 1.1 Instruction issued by CBDT, in the case of an Individual, no further verification is required to be made if total cash deposit is up to Rs.2,50,000/-. Therefore, in the case o

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