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The fresh Workbench noticed one to Sheo Chand Yadav have a mutual lender Membership inside Business Bank with his spouse Smt. It absolutely was next noticed that the newest assessee also offers recorded the brand new information on all the sub-providers using their details and make contact with number. The fresh tribunal concluded that the new assessee didn’t substantiate the reason of your cash dumps made within the demonetization period. They referred to the new CBDT Game Zero. step 3 from 2017, which trained that cash deposits as much as ₹2,fifty,000 will likely be acknowledged.For this reason, ₹dos,fifty,100000 out from the overall addition had been welcome. This case break up compiles secret judgments and you can basic knowledge on the translation out of Area 69A, focusing on unexplained cash dumps.

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