AO cannot tax Cash deposit of less than Rs. 2.5 Lakh during demonetization by housewife

Smt. Uma Agrawal Vs ITO (ITAT Agra) In the case of Smt. Uma Agarwal v ITO- 1(3), Hon’ble ITAT Agra in ITA No.35/Agr/2021 held that Hon’ble ITAT held that the addition made by the lower authority cannot be sustained on account of the statement given by the Prime Minister, press statement and the standard operating procedure issued by the board, as instructions under section 119 to the Assessing Officer, as the instructions issued by the Board are statutory and binding on the revenue. As per Instruction No. 03/2017, dated 21-2-2017, which are statutory and binding on revenue, the Assessing ...