article 136 of the Constitution. The Tribunal held that of the high denomination notes of the value of Rs. 2,68,000 encashed ... later through the Punjab National Bank under the provisions of the High Denomination Notes Order Promulgated earlier in the same month. In his books
representing the value of high denomination notes which were encashed on the 18th day of January, 1946. It was held that the decision ... that it was impossible for the assessee to have sixty-one high denomination notes was pure surmise and had no basis in the evidence
found to have been received by the appellants by encashing high denomination notes of the value of Rs. 85,000 on January ... financial year. Since the high denominating year would be the financial year. Since the high denomination notes in question were encashed on January
this case, the appellants encashed on the 18th January, 1946, high denomination notes of Rs. 1,000 each of the face value ... undisclosed profits, he would have to presume that there were 18 high denomination notes on the 1st January, 1946, and that all such receipts thereafter
21st January, 1946, the petitioners son Narayan Prasad Misra encashed high denomination notes of the value of Rs. 85,000 at Sambalpur treasury after making ... with the statement made by the petitioners son while encashing the high denomination notes at Sambalpur treasury and also because in the deed of partition
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
Smt. Nita Jhunjhunwala , Howrah vs Ito, Ward - 47(2), Kolkata , Kolkata on 4 January, 2019
Jignesh Desai, Kolkata vs Ito, Ward - 35(2), Kolkata, Kolkata on 26 September, 2018
IN
This
court was concerned there with the
encashment of high denomination notes. In
that case, some unexplained high
denomination notes were treated as the
undisclosed ... assessee which showed the receipt
of a sum on conversion of high
denomination notes tendered for
conversion by the assesssee himself, it
is necessary
