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M/S Shailesh Jain Huf, Mumbai vs Ito 19 (3)(3), Mumbai on 16 February

Manoj Kunverji Gala, Mumbai vs Ito 18(2)(3), Mumbai on 8 February, 2021 IN

Mohammed Aamer, Moradaba vs Acit- 17 (2), Mumbai on 8 February, 2021 IN THE INCOME

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

books of assessee which shows receipt of some on conversion of high denomination notes tendered for conversion by assessee himself, it is necessary for assessee ... bear nature of income- held, yes- Whether where assessee contended that high denomination notes represented not cash balance but some other money and he failed

managed to convert the unaccounted money in the form of old high denomination notes, generated from the sand mining business with the help of certain ... managed to convert the unaccounted money in the form of old high denomination notes, generated from the sand mining business with the help of Page

fraudulently converted Rs.1.04 crores of the old high denomination notes. The subject matter of proceedings before the Central Administrative Tribunal was the said

fraudulently converted Rs.1.04 crores of the old high denomination notes. The subject matter of proceedings before the Central Administrative Tribunal was the said

assessee had furnished a reasonable explanation for the possession of the high denomination notes of the face value of Rs. 61,000 and there ... business profits tax purposes, representing the value of the high denomination notes which were encashed." 26. Further the Hon'ble Supreme Court

Zero Road, Allahabad, U.P. (Rs. 50,33,000/- high denomination currency notes of Rs. 1000/- each seized from first floor of residential premises ... Shri Suresh Chandra Purwar that the said cash of high denomination currency notes of Rs. 1,000/- each aggregating to Rs. 50,33,000/- found