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
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
apears that on 18-1-1946, the assessee encashed high denomination notes of the face value of Rs. 61,000. The books of account ... high denomination notes of the value of Rs. 61,000, but these notes or part of them were substituted for the ordinary notes which came
shall, in exchange for currency notes or bank notes of five rupees or upwards, supply currency notes or bank notes of lower value or other ... possession from another person any high denomination banknote.
17. Section 5 deals with the exchange of high denomination bank notes held by banks and Government
certain denominational values held by them. The latter was issued in order to provide for the demonetisation of certain high denomination notes ... India, Ltd. The accused were prosecuted under S. 7 of the High Denomination Notes (Demonetisation) Ordinance No. III of 1946, on the allegation that
relevant to the assessment year 1978-79, the assessee declared 21 high denomination notes of Rs. 1,000 each totalling ... Dena Bank from time to time and exchanged smaller notes into high denomination notes through her family friend, Shri Prem Harchandrai, Bombay, whose address
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
J.S. Parkar vs V.B. Palekar And Ors. on 27 April, 1973
Equivalent citations
Bhagat Ambica Ram v. CIT , which was also a case of high denomination notes, the Supreme Court has referred to the decision of the Allahabad ... made on the facts of that case. A case involving high denomination notes is not comparable with a case involving ornaments or jewellery. The ornaments
being the amount of certain high denomination notes encashed by her, as income from undisclosed sources. The contention of Mr. Kolah, on behalf ... declaration in the form prescribed under section 6 of the High Denomination Bank Notes (Denometisation) Ordiance, 1946 being ordinance No. 3 of 1946. As shown
