Bench: : Shri S. Rifaur Rahman & Shri Sunil Kumar Singhassessment Year: 2017-18
131 of the Act. After considering the detailed submissions given by the assessee, the Assessing Officer found it not acceptable. He observed that the assessee has deposited cash during demonetization period and the income surrendered was disclosed by the assessee in the proceedings initiated in assessment year 2014-15 and it is not acceptable to keep such huge cash