ITAT Deletes Section 69A Addition on Demonetisation Cash Deposits Received by Co-operative Society from Members:
The ITAT Bangalore has held that cash deposits made by a co-operative credit society during the demonetisation cannot be treated as unexplained money merely because the deposits were received in old currency notes.
Receipt of Old Currency from Members During Demonetisation Cannot Make Deposits Unexplained
Saima
Jul 6, 2026Premium
ITAT Deletes Section 69A Addition on Demonetisation Cash Deposits Received by Co-operative Society from Members
The ITAT Bangalore has held that cash deposits made by a co-operative credit society during the demonetisation cannot be treated as unexplained money merely because the deposits were received in old currency notes.
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Saima
Content Writer
Saima is a Law graduate with a passion for research and content writing. She writes for Finance, Taxation and Legal Updates at Studycafe.in, simplifying complex legal decisions by the ITAT, High Court, AAR and GSTAT into uncomplicated and clear explanations.
StudyCafe
Delhi, Delhi, India
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