Cash Deposited during Demonitization allowed by Pune ITAT

Shri. N.H. Panhalkar & Co. Vs ITO (ITAT Pune)

This appeal by the assessee is directed against the order dated 29-10-2021 passed by the ld. Commissioner of Income Tax (Appeals) in NFAC Delhi, in relation to the A.Y. 2017-18.

2. The only issue raised in this appeal is against confirmation of addition of Rs. 63,00,215/- made by the A.O u/s 69A of the Income-tax Act, 1961 (hereinafter referred to as the “Act”).

3. Briefly stated the facts of the case are that the assessee

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