https://www.taxtmi.com/caselaws?id=470551 A scrutiny notice remains valid despite non-compliance with the prescribed CBDT format where it is authenticated, substantially conforms to the Income-tax Act, the assessee received it, participated without timely objection, and suffered no prejudice or confusion. Technical defects are therefore curable under the provisions governing notice authentication and procedural irregularities. Cash deposits made during demonetisation require verification under applicable CBDT instructions, including comparison of sales and deposits, stock and debtor records, banking patterns, possible fictitious or back-dated sales, and the reliability of books. The assessee must establish the source and genuineness of deposits, with adequate opportunity to be heard. en-us Wed, 18 Sep 2024 00:00:00 +0530 Fri, 31 Jul 2026 08:27:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=470551 A scrutiny notice remains valid despite non-compliance with the prescribed CBDT format where it is authenticated, substantially conforms to the Income-tax Act, the assessee received it, participated without timely objection, and suffered no prejudice or confusion. Technical defects are therefore curable under the provisions governing notice authentication and procedural irregularities. Cash deposits made during demonetisation require verification under applicable CBDT instructions, including comparison of sales and deposits, stock and debtor records, banking patterns, possible fictitious or back-dated sales, and the reliability of books. The assessee must establish the source and genuineness of deposits, with adequate opportunity to be heard. Case-Laws Income Tax Wed, 18 Sep 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=470551