balance of Rs. 3,10,681 and it was highly probable that high denomination notes of the value of Rs. 2,91,000 were included ... amounts from time to time in currencies of various denominations including high denomination notes. He could, however, satisfy the authorities about the fact that
This sum is composed of moneys received by the encashment of high denomination notes of Rs. 1,000 each. The total sum received by encashment ... being the proceeds of 40 high denomination notes encashed by the assessees wife really belonged to the assessee and is therefore income of the assessee
denomination notes but in currency notes of much smaller amount. The ruler admitted in this certificate that he himself converted the money into high denomination ... appears to be highly improbable that the Ruler of Sakti would not himself undertake to cash the high denomination notes and hand over the proceeds
High Denomination Bank Notes (Demonetization) Ordinance, the assessee exchanged high denomination notes to the value of Rs. 3,97,000 on 22nd January ... Imperial Bank the assessee stated that the reason for keeping high denomination notes was that "she had always kept large sums with her personally
Income-tax Officer received
information that the assessee had exchanged high
denomination notes after the passing of the
Demonetization Ordinance ... part of Rs. 68,000 which was the amount, represented by high denomination notes encashed by the petitioner
high denomination notes for notes of smaller denominations on certain conditions.
Therefore all that a person who held high denomination notes ... provided for the exchange of high denomination bank notes held by any one for notes of smaller denomination or for other valid legal tender. This
forty-five thousands realised by the assessee by encashment of 45 high denomination notes on January 18, 1946, represented the income of the assessee liable ... cash balance were not noted in any account. Ordinarily details of cash balance are not noted and when high denomination notes were legal tender
evidence in support of the Tribunal's finding that the high denomination notes did not belong to the three assessees, Karandikar, Phatak and Desai ... said declaration had to be submitted along with the high denomination notes to the Reserve Bank or to a Scheduled Bank or to a Government
holder of high denomination banknotes could have insisted upon the Reserve Bank exchanging the said high denomination notes for other currency notes as provided ... similar explanation that the high denomination notes were acquired by them by exchanging notes of lower denominations and that none of them knew the names
high denomination notes, or the persons mentioned in Section 7(1) who could exchange the said notes. After 19th January, 1978, the said notes could ... similar explanation that the high denomination notes were acquired by them by exchanging notes of lower denominations and that none of them know the names
