| Court: | ITAT Indore |
| Head Notes: | CBDT Instruction No. 3/2017 dated 21.02.2017—which directs that no verification is required for cash deposits up to ₹2.5 lakh by individual taxpayers—is binding on the department. The ITAT observed that such deposits can reasonably be explained as household savings or small business receipts and that additions contrary to the Instruction are unjustified. |
| Law: | Income-Tax Act |
| Section(s): | 69, Cash Deposit during Demonetisation, Instruction No.3/2017 dated 21.02.2017 |
| Counsel(s): | CA Milind Wadhwani |
| Dowload Pdf File | Click here to download the file in pdf format |
| Uploaded By | CA Ritu Chourey |
| Date of upload: | November 1, 2025 |
Leave a Reply