TMI Blog2022 (6) TMI 1333X X X X Extracts X X X X X X X X Extracts X X X X ..... tained with ICICI Bank on 05.06.2015. We notice that the assessee has withdrawn cash in small amounts in subsequent period also. Since the assessee is an aged person and retired from army, it is quite possible that the assessee had kept the money in cash with him in order to meet medical emergencies. The assessee is a pensioner and there is no other material to show that the cash withdrawn earl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n of Rs.7,01,000/- being cash deposit made into his bank account during the demon etisation period. 3. The facts relating to the issue are stated in brief. The assessee is a retired army officer and is drawing pension. During demonetisation period the assessee deposited a sum of Rs.7,01,000/- in aggregate in two bank accounts. With asked about the sources, the assessee submitted that he had ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d. The learned A.R. took me through the copies of bank account placed in the paper book. A perusal of the same would show that the assessee has withdrawn a sum of Rs.8,00,000/- from his bank account maintained with ICICI Bank on 05.06.2015. I notice that the assessee has withdrawn cash in small amounts in subsequent period also. Since the assessee is an aged person and retired from army, it is qui ..... X X X X Extracts X X X X X X X X Extracts X X X X
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