No addition for explained demonetization currency deposited in Bank

Mewar Hospital Pvt. Ltd. Vs ACIT (ITAT Jodhpur)

The apple of discord in this case cash deposited by the assessee in the bank account of specified bank notes in the form of 500 and 1000 of Rs. 1,84,36,500/- whether the same is unexplained money or not. It is not under dispute that the assessee has considered the impugned amount received as cash receipts and there is no dispute on that receipt already offered by the assessee. The Bench also noted that the assessee is running of pharmacy unit and the government has released by the adversary that specified bank notes to this pharmacy u

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