https://www.taxtmi.com/circulars?id=68359 Cessation of legal tender for old high denomination bank notes from 9 November 2016 is coupled with an exchange or deposit facility up to 30 December 2016, permitting crediting of equivalent value to bank accounts without a specified limit and providing for further deposit facilities; the clarification examines whether demonetized notes continue to be seizable as valuables/assets during searches or requisitions under the Income-tax Act. en-us Thu, 01 Dec 2016 00:00:00 +0530 Sat, 29 Mar 2025 13:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=68359 Cessation of legal tender for old high denomination bank notes from 9 November 2016 is coupled with an exchange or deposit facility up to 30 December 2016, permitting crediting of equivalent value to bank accounts without a specified limit and providing for further deposit facilities; the clarification examines whether demonetized notes continue to be seizable as valuables/assets during searches or requisitions under the Income-tax Act. Circulars Income Tax Thu, 01 Dec 2016 00:00:00 +0530 https://www.taxtmi.com/circulars?id=68359