lower
13-9 and it was highly probable that the high authorities. It is this cash,
denomination notes of Rs.2,91,000 were emanating ... interpolations relating to the made during the year were
number of high denomination notes of rejected. Rather the cash
Rs.1,000 each obviously made
demonetization announced by the government, the
assessee company had deposited High Denomination Notes
amounting Rs. 2,12,56,500/- out of the cash in hand ... Deposit of High
Denomination Notes of Rs.2,12,56,500/- out of the available cash
in hand is a plausible explanation especially when
demonetization announced by the government, the
assessee company had deposited High Denomination Notes
amounting Rs. 2,12,56,500/- out of the cash in hand ... Deposit of High
Denomination Notes of Rs.2,12,56,500/- out of the available cash
in hand is a plausible explanation especially when
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
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
genuine and cash balance
shown therein was sufficient to cover high denomination notes
held by the assessee, then the assessee was not required to
prove ... source of receipt of said high denomination notes which
were legal tender at that time. In the case of M/s. Hirapanna
Jewellers
pursuance of High Denomination Bank Notes (Denomination)
Ordinance, 1946, assessee-company exchanged 32 high denomination notes -
Regarding source of these high denomination notes, assessee claimed ... judgment, it could be concluded that amount being value
of high denomination currency notes exchanged in pursuance of 1946
ordinance, did not represent income
pursuance of High Denomination Bank Notes (Denomination)
Ordinance, 1946, assessee-company exchanged 32 high denomination notes -
Regarding source of these high denomination notes, assessee claimed ... judgment, it could be concluded that amount being value
of high denomination currency notes exchanged in pursuance of 1946
ordinance, did not represent income
genuine and cash balance shown therein was sufficient to cover high
denomination notes held by the assessee, then the assessee was not
required to prove ... source of receipt of said high denomination notes which
were legal tender at that time. In the case of M/s. HirapannaJewellers
