chain of transactions could exceed the amounts, involved in the high denomination notes,---this
also was a pure conjecture or surmise on the part ... were, came to the
conclusion that the possession of 150 high denomination notes of Rs. 1,000 each was satisfactorily
explained by the appellant
chain of transactions could exceed the amounts, involved in the high
denomination notes,---this also was a pure conjecture or surmise on the part ... were, came to the conclusion that the possession of 150 high
denomination notes of Rs. 1,000 each was satisfactorily explained by the appellant
chain of transactions could exceed the amounts, involved in the high
denomination notes,---this also was a pure conjecture or surmise on the part ... were, came to the conclusion that the possession of 150 high
denomination notes of Rs. 1,000 each was satisfactorily explained by the appellant
assessee which shows
the receipt of a sum on conversion of high
denomination notes tendered for conversion by
the assessee himself, it is necessary ... from the
assessee and not from the department. In cases of
.
high denomination notes, where the business and
the state of accounts and dealings
Commissioner of Income-tax ], the question was whether the high denomination notes in the possession of the assessee could be assessed as undisclosed profits when ... produced affidavits from some persons that the assessee was paid in high denomination notes during the relevant period. The Supreme Court held that when
Officer thereafter came to know that the assessee had encashed high denomination notes worth Rs. 18,000 after the ordinance of January, 1946 and that ... sustained the addition of Rs. 18,000 on account of the high denomination notes. He rejected the objection of the assessee about the service
facts were that the assessee a Hindu undivided family, had encashed high denomination notes of the value of Rs. 19,000 following the demonetisation ... such high denomination notes. On that very day five members of the family, namely, Hemchandra Kar, Jatindra Nath Kar, Atul Chandra Kar, Narendra Nath
M/S Shailesh Jain Huf, Mumbai vs Ito 19 (3)(3), Mumbai on 16 February
chain of transactions could exceed
the amounts, involved in the high denomination notes,---this also was a pure conjecture or
14
ITA No. 1206 ... were, came to the conclusion that the possession of 150 high denomination notes
of Rs. 1,000 each was satisfactorily explained by the appellant
chain of transactions could
exceed the amounts, involved in the high denomination notes,---this also
was a pure conjecture or surmise on the part ... were, came to the conclusion that the possession of 150
high denomination notes of Rs. 1,000 each was satisfactorily explained by
the appellant
