https://www.taxtmi.com/caselaws?id=769821 Specified bank notes received and deposited before the appointed day under the Specified Bank Notes (Cessation of Liabilities) Act, 2017 could not, by that fact alone, be treated as unexplained money under section 69A. The appointed day was 31.12.2016, and the statutory bar on holding, transferring or receiving such notes operated only on and from that date; receipt during 09.11.2016 to 11.11.2016 was therefore not unlawful on the reasoning applied. Following coordinate bench decisions on identical facts, the Tribunal deleted the addition and held that consequential invocation of section 115BBE could not be sustained. en-us Thu, 12 Dec 2024 00:00:00 +0530 Wed, 30 Apr 2025 16:12:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=769821 Specified bank notes received and deposited before the appointed day under the Specified Bank Notes (Cessation of Liabilities) Act, 2017 could not, by that fact alone, be treated as unexplained money under section 69A. The appointed day was 31.12.2016, and the statutory bar on holding, transferring or receiving such notes operated only on and from that date; receipt during 09.11.2016 to 11.11.2016 was therefore not unlawful on the reasoning applied. Following coordinate bench decisions on identical facts, the Tribunal deleted the addition and held that consequential invocation of section 115BBE could not be sustained. Case-Laws Income Tax Thu, 12 Dec 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=769821