HARESH MOHANLAL PATEL,RAJKOT vs. ITO, WARD-2(1)(4), RAJKOT, RAJKOT
In the result, the assessee's appeal is partly allowed, in about terms
ITA 725/RJT/2024[2017-18]Status: DisposedITAT Rajkot07 May 2025AY 2017-18
For Appellant: Shri Mehul Ranpura, ARFor Respondent: Shri Abhimanyhu Singh, Sr-DR
Section 142(1)Section 143(1)Section 143(2)Section 143(3)Section 250Section 69A
purchase another property, therefore, the assessee withdrew\ncash from the bank but after withdrawal of the cash from the from bank\naccount, the Demonetization Scheme was announced by the Central\nGovernment, therefore, deposited the same in the bank account. We find that\nthe amount deposited during demonetization period to the tune of\nRs.11,51,000/-, was partly from the property