Why do you want to put the new Rs 2,000 note in water: Supreme Court asks

While observing that the court cannot hear demonetisation issues all day and everyday, the CJI felt that if the politicians deposit money in banks the taxman could get to them.

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New Delhi, Nov 18: A petition was filed in the Supreme Court seeking a direction to stop political parties and religious institutions from depositing the scrapped Rs 500 and 1,000 notes in banks.

Chief Justice of India, T S Thakur was however not amused. While observing that the court cannot hear demonetisation issues all day and everyday, the CJI felt that if the politicians deposit money in banks the taxman could get to them.

Why do you want to put new note in water

The petitioner said that deposit of money should be restricted to individuals. Political parties should be stopped from depositing the scrapped notes, he also said.

Read more: Can't hear demonetisation issue everyday says Supreme Court

To this the CJI said, " once the money is deposited, the taxman will get to them. Politicians are juristic persons and pay taxes. Why should not be allowed to deposit the notes, the CJI asked.

The petitioner then went to complain about the the nature of the new Rs 2,000 notes. The notes lose its colour when put in water, the petitioner said. To this the CJI asked, why do you want to put the note in water. The advocate however shot back and told the CJI, " today all of us are in water."

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