Cash Deposits can be Accepted during Demonetization Period If Source is Explained: ITAT [Read Order]

Cash Deposits - Demonetization - Demonetization Period - Source - ITAT - Taxscan

The Chennai Bench of Income Tax Appellate Tribunal (ITAT) has held that the cash deposits could be accepted during the demonetisation period if the source has been explained.  The assessee R. Raju, was an individual, whose return was, selected for limited scrutiny under CASS to verify large value cash deposits during the demonetization period as…

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