Tribunal held that since the assessee’s deposits were less than ₹2.5 lakhs, initiation of scrutiny itself was contrary to CBDT’s instruction. It was stated that the amount of cash deposited is below Rs.2.5 lakhs which is exempt from scrutiny as per paragraph no. The learned AR submitted that the assessee has deposited cash of Rs.2 lakhs which is below Rs. The above cash deposit was further converted into fixed deposit receipt. In this case the cash deposit is less than Rs.2.5 lakhs and therefore there could not have been issue of any notice to the assessee.