2025 (11) TMI 1236

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....s raised the following grounds: "1. That the notice u/s 143(2) issued by the Learned Income tax Officer 5(2) Lucknow (who was subordinate to Commissioner 2 Lucknow) having no jurisdiction on the appellant is bad in law. 2. That further notices u/s 142(1) and assessment order passed by the Income Tax Officer -2(2) Lucknow (who is subordinate to commissioner 1 Lucknow) having jurisdiction but no fresh notice u/s 143(2) has been issued by Income Tax Officer - 2(2) Lucknow hence the assessment order passed without issuing notice u/s 143(2) by ITO 2(2) Lucknow is bad in law and the assessment is liable to be quashed. Without prejudice to the above 3. The Learned Assessing Officer has erred in law as well as on....

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....t the aforesaid amount was deposited by the assessee in demonetized currency during demonetization period. The assessee's appeal against the aforesaid addition of Rs. 1,91,500/- was dismissed by the learned Addl/JCIT(A) vide impugned appellate order dated 12/03/2025. The present appeal has been filed by the assessee before the Income Tax Appellate Tribunal against the aforesaid impugned appellate order dated 12/03/2025. (D) At the time of hearing, learned counsel for the assessee submitted that only an amount of Rs. 4,41,500/- was deposited by the assessee in demonetized currency during demonetization period; and the Assessing Officer grossly erred in treating the amount of Rs. 1,91,500/- being deposited in demonetized currency. Learned ....