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2022 (3) TMI 127 - AT - Income TaxAddition u/s 69A - large cash deposit on the bank account during the year - Hon’ble Prime Minister/Finance Minister in the Parliament has given assurance that during the demonetization period, that if a housewife deposits up to an amount of ₹ 2.50 Lacs, then the same should not be scrutinized - HELD THAT:- This Tribunal (Agra) in the case of Smt. Uma Agrawal vs. ITO. [2021 (6) TMI 712 - ITAT AGRA] has held that as per of the CBDT Circular instruction no. 03/2017 dated 21.12.2017 and the assurance given by the Hon’ble PM in the floor of the Parliament which has been discussed at para 12 of this decision (Smt. Uma Agrawal supra) has held that if a house wife deposited up to ₹ 2.50 lacs in her bank account (and in case of senior citizens aged above 70 years the upper limit of ₹ 5 lacs) during demonetization period then the same should not be scrutinized and has to be accepted. - Decided in favour of assessee.
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