https://www.taxtmi.com/forum/issue?id=112002 Notice under income-tax summons addresses possession of demonetised currency seized during transportation. The statutory scheme prohibits holding, transferring or receiving specified bank notes after the notified cutoff, allowed deposit within an initial window, and provided remittance to the central bank with explanation if deposit deadlines were missed; penalties attach for contravention and liability depends on facts developed in summons proceedings. en-us Thu, 01 Jun 2017 18:08:58 +0530 Thu, 23 Jan 2025 15:55:53 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=112002 Notice under income-tax summons addresses possession of demonetised currency seized during transportation. The statutory scheme prohibits holding, transferring or receiving specified bank notes after the notified cutoff, allowed deposit within an initial window, and provided remittance to the central bank with explanation if deposit deadlines were missed; penalties attach for contravention and liability depends on facts developed in summons proceedings. Discussion-Forum Income Tax Thu, 01 Jun 2017 18:08:58 +0530 https://www.taxtmi.com/forum/issue?id=112002