like in the promissory note. Section 4 of the Negotiable Instruments Act defines a promissory note as an instrument in writing not being a bank ... promissory note is exhaustive. So, analysing this section we would get:
(a) that the promissory note must be in writing ;
(b) that the promissory note
notes are not my signature as I always sign only in English not in
Tamil as it appears in the promissory notes ... 3298/Chny/2024
22. Upon careful consideration, we note that the said promissory notes were not
recovered in original during the course of search
investment in promissory note and addition of
Rs.99,848/ made by the Ld.A.O calculating interest on promissory
note not offered ... basis of
promissory notes and loose papers, the AO made the inventory of
promissory notes. The copy of inventory of promissory notes
pertaining
with
which the promissory note was executed?
A.9 The promissory note was executed only on account of loan
transaction and not for anything else ... with
which the promissory note was executed?
A.9 The promissory note was executed only on account of loan
transaction and not for anything else
written agreement
between the parties. It held that the Promissory Note is not in proper format
and not on a stamp paper and not properly ... promissory note
was issued. When there are other materials on record to prove the
disbursement and default, non-stamping of promissory note is
inconsequential
written agreement
between the parties. It held that the Promissory Note is not in proper format
and not on a stamp paper and not properly ... promissory note
was issued. When there are other materials on record to prove the
disbursement and default, non-stamping of promissory note is
inconsequential
possession of the promissory notes for collection of
money shown as payable in the said promissory notes.
Thus, it is clear, that the payment ... possession of the promissory notes for collection of money shown as
payable in the said promissory notes. It shows that payment was to
be collected
many of
these promissory notes which establish the strong nexus that there
were transactions related to those promissory notes. The objections
of the assessee regarding ... Instrument Act,1881 the
promissory note is defined as under:-
"promissory note" is an instrument in writing (not being a bank-note
original promissory note will definitely take the originals
promissory notes having acknowledgement of repaid the cash loan. Since the
original promissory notes are available with ... mentioned on the reverse side of the
receipts of the promissory note is not satisfactory as on the reverse side of
the promissory note
note, that the document in question was a hundi and not a promissory note. In his opinion, the said hundi was negotiable and the document ... document the Tribunal had held that it was a promissory note and not a hundi. The Tribunal had further observed that if it had been
