legal ?
(3) Whether the interest on the 3% Sterling Promissory Note or the interest on the 3% Indian Rupee Promissory Note on which ... assessee-company. The promissory note was executed in New York. The investment resulting from the promissory note is now converted into an investment in debentures
Promissory Note dated 13.11.2006 and Ex.P.9 Promissory Note
dated 01.04.2008 or execution of Ex.P.26 – Promissory Note dated ... amount in every Promissory Note and kept the
remaining blank Promissory Notes to claim that it was only towards
payment of interest vide
Promissory Note dated 13.11.2006 and Ex.P.9 Promissory Note
dated 01.04.2008 or execution of Ex.P.26 – Promissory Note dated ... amount in every Promissory Note and kept the
remaining blank Promissory Notes to claim that it was only towards
payment of interest vide
Promissory Note dated 13.11.2006 and Ex.P.9 Promissory Note
dated 01.04.2008 or execution of Ex.P.26 – Promissory Note dated ... amount in every Promissory Note and kept the
remaining blank Promissory Notes to claim that it was only towards
payment of interest vide
said to include capitalised interest and interest
thereon that is to say interest on the amounts of the
promissory notes (which included capitalised interest),
which ... provides
for not merely the execution of promissory notes but that
the promissory notes would also bear interest after June 30,
1967. Further the very
execution of the equitable mortgage deed and the promissory
note, but contended that the promissory note was executed as
a collateral security and the provision ... interest due
from him under the earlier advance which included compound
interest and penal interest. He stated that the promissory
note was executed
upon promissory notes. In their view the jurisdiction of the Provincial Legislature is not ousted by the inclusion of provisions dealing with promissory notes though ... entry (10) of List III "contracts." "Interest on promissory notes," they say, "is a matter with respect to contracts
executed three promissory notes in favour of the Bank for
a total of Rs. 1,10,000. The promissory notes marked
Exhibits ... favour for the
amount of all the three promissory notes with the interest
due thereon, though a mortgage decree was sought only
against the properties
assessee is a method which ignores such interest. The question whether interest included in a renewed promissory note, though not actually realised by the assessee ... assessees' claim for interest,
and the amount of interest due at the time of renewal of the promissory notes
was treated by the assessees
references to execution of promissory notes.
27
19. It is interesting to note that in the promissory
notes executed by the accused, there ... promissory notes. The very fact
that the promissory notes does not reflect about
repayment of the borrowed loan with interest indicates
that the promissory notes
