Jandhan co-operative bank provides the following information relating to cash withdrawals by its two customers during the P.Y.2024-25: Date of cash…

Jandhan co-operative bank provides the following information relating to cash withdrawals by its two customers during the P.Y.2024-25: Date of cash withdrawal Mr. Ashok (Savings Account) (₹) Mr. Bablu (Current Account) (₹) 05.04.2024 20,00,000 10.05.2024 18,00,000 25.06.2024 25,00,000 17.07.2024 5,00,000 28.10.2024 35,00,000 10.11.2024 38,00,000 12.12.2024 25,00,000 02.01.2025 37,00,000 Mr. Ashok has been regularly filing his return of income while Mr. Bablu has not filed his return of income for the last three years. No other co-operative bank customer had withdrawn more than 10 lakhs during the P.Y. 2024-25. Mr. Kishor, a Jandhan Cooperative Bank customer, paid 12 lakhs out of payments for 15 lakhs raised in relation to the credit card account using an account payee check before being declared bankrupt. In the previous year 2024–2025, the bank's actual bad debts, including those owed to Mr. Kishore were 20 lakhs. On September 30, 2025, the prescribed income tax authority sent a notification to the cooperative bank, stating that it was required to provide the statement of financial transactions by October 30, 2025 as they had failed to do so. The co-operative bank, however, furnished the statement only on November 25, 2025. From the information given above, choose the most appropriate answer from MCQ 1 to MCQ 4 below: