PRATIVA SWAIN,KENDRAPARA vs. ITO, WARD KENDRAPADA, KENDRAPADA

आदेश / O R D E R This is an Appeal filed by the assessee against the order of the ld.Addl/JCIT(A)-2, Chennai dated 07.10.2025 for the assessment year 2017-2018. 2. It was submitted by the Ld.AR that the assessee is an individual. She had taken a loan of Rs.14,16,000/- from Kendrapada New Urban Cooperative Bank Limited on 28/10/2016 and on account of demonetization the assessee had deposited Rs.14,00,000/- as the same were in the demonetization currency and on 14/11/2016 Rs.22,669/- was further deposited which is also the demonetization currency. It was submission that the AO did not accept the contention of the assessee and made the addition of Rs.14,22,500/-. It was submission that the source of the money has clearly been explained and shown to be from the loan which has been disbursed to the assessee on 28/10/2016. The Ld.AR has placed before us the copy of the account statement of the assessee from 01/04/2016 to 16/12/2016 maintained with Kenddrapada Urban Cooperative Bank Limited, which reads as follows:-