{
  "id": 19507421,
  "title": "Demonetisation: Cement trader deposited Rs 14.74 lakh; gets notice but wins relief",
  "url": "https://urgent.news/2026/11/11/demonetisation-cement-trader-deposited-rs-14-74-lakh-gets-notice-but",
  "topic": "culture",
  "section": "Culture",
  "published": "2026-11-11T13:20:00.000Z",
  "source": {
    "name": "Times of India",
    "slug": "times-of-india",
    "url": "https://timesofindia.indiatimes.com/business/india-business/cement-trader-deposited-rs-14-74-lakh-in-his-bank-during-demonetisation-but-tax-officer-classified-rs-5-72-lakh-as-unexplained-cash-and-sent-notice-itat-cuttack-deletes-it-after-checking-cash-books/articleshow/135733145.cms"
  },
  "original_language": "en",
  "account": null,
  "summary": "The Income Tax Assessing Officer (AO) in Balasore questioned the deposit and estimated the cement trader’s sales by comparing his business activity before and after demonetisation in 2016. Following this exercise, the assessing officer classified as much as Rs 5.72 lakh as unexplained cash and subsequently initiated proceedings against him by sending a notice.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}