note, is necessary.
7. Section 2 , Clause (4) of the Stamp Act defines a 'bond' thus : "Bond" includes:
"(a) every ... Section 2 (18) -defines a promissory note in the following words:
" 'Promissory note' means a promissory note as defined in the Hyderabad
defines a "promissory note" as an instrument in writing, other than a bank note or a currency note, containing an unconditional undertaking singed ... observation having taken note of the definition of a promissory note as defined in Section 4 of the N.I. Act and also Section
instrument in
writing (not being a bank-note or a currency-note) containing an
unconditional undertaking, signed by the maker, to pay a certain ... instrument."
23. It defines promissory note being an instrument in writing and
which is not a bank note or currency. It should contain
quoted.
13. Bill exchange, as defined by S.2 (2) not being a bond, bank note or
currency-note.
(a) (Omitted)
(b) where payable otherwise ... Promissory note" is defined under
Section 2 )22_ of the Stamp Act as one defined by the Negotiable Instruments Act,
1881 . Section
Stamp Act is:
"Promissory note' means a promissory note as defined by the Negotiable Instruments Act, 1881 .
It also includes a note promising ... defines promissory note thus:
"A 'promissory note' is an instrument in writing (not being a bank note or a currency note) containing
Money-lender" as
defined in Section 2(8) of the said Act, which is defined to mean "a person,
or a firm carrying ... requirement of a promissory note as defined in Section 4 of the
Negotiable Instruments Act, which is defined as follows:
"A "promissory note
Negotiable Instruments Act, which defines a promissory note as an instrument in writing (not being a bank note or a currency note) containing an unconditional ... bearer of the instrument, and on Section 13 , Negotiable Instruments Act, that defines a negotiable instrument as meaning a promissory note-payable either to order
Section 5 , Negotiable Instruments Act a bill of exchange is defined as
"An instrument in writing containing an unconditional order, signed by the maker ... Negotiable Instruments Act defines a promissory note to be an
"Instrument in writing (not being a bank note or currency note) containing an unconditional
Negotiable Instruments Act defines promissory note as an instrument in writing (not being a banknote or a currency note) containing an unconditional undertaking signed ... could be a promissory note. Section 13 of the Negotiable instruments Act defines a negotiable instrument as a promissory note, bill of exchange or cheque
banks co-operative societies, etc.
2. The term hundi has not been defined in the Income-tax Act, 1961 . In common commercial parlance, it denotes ... holder thereof to collect money due thereon without using the medium of currency. It may also be regarded as an indigenous form of bill
