Overdraft - Judgment Search Results

Commissioner of Income Tax, Madras Vs. Nadimuthu Pillai.

Court: Chennai

Reported in: [1940]8ITR249(Mad)

..... course of his argument mr venkatarama sastriar admitted that if the overdraft has been completely discharged by payments in of further profits ..... and regarded in toto as payments in reduction of the overdraft i consider that the income tax authorities are right in ..... some downwards but at all material times the assessee had an overdraft with his agents there were other transactions which affected the .....

O.Rm. O.M. Sp. Firm Vs. P.L.N.K.M. Nagappa Chettiar and Another

Court: Privy Council

..... was to empty the charity accounts and to cancel subrabmanyam s overdraft though a hindu religious endowment is not technically for all ..... it is not possible on the evidence to ascertain that the overdraft outstanding on 10th february 1920 had been incurred on account ..... find it impossible to be satisfied that the discharge of an overdraft on this particular account comes within the scope or intention .....

The Nedungadi Bank, Limited Vs. Doraikannu Ammal

Court: Chennai

Reported in: AIR1941Mad282; (1941)1MLJ281

..... belonging to her in varadamuthiappan street madras as security for the overdraft the respondent was to be surety for her husband for this ..... his account various sums which had the effect of reducing his overdraft to rs 14 220 8 2 after that there were drawings ..... as a continuing security for her husband s liability on his overdraft account limiting of course her own liability to the amount stated .....

The Commissioner of Income-tax Vs. J.M. Muhammad Ismail Rowther

Court: Chennai

Reported in: (1940)1MLJ639

..... with the kumbakonam branch of the imperial bank of india for an overdraft for the purpose of purchasing immovable property worth rs 33 000 the ..... amount of rs 33 000 which the petitioner had obtained on an overdraft against the security of the bonds 2 if the first question ..... fact that he has deposited them by way of security for an overdraft does not change their character it is conceded on behalf of .....

Commissioner of Income Tax, Madras Vs. J. M. Muhammad Ismail Rowther.

Court: Chennai

Reported in: AIR1940Mad433; [1940]8ITR150(Mad)

..... with the kumbakonam branch of the imperial bank of india for an overdraft for the purpose of purchasing immoveable property worth rs 33 000 the ..... amount of rs 33 000 which the petitioner had obtained on an overdraft against the security of the bonds if the first question is ..... fact that he has deposited them by way of security for an overdraft does not change their character it is conceded on behalf of .....

In Re: Benares Bank Ltd. Benares Shri Nath Shah Vs. Official Liquidato ...

Court: Allahabad

Reported in: AIR1940All544

..... in addition to this he had at the date of the winding up order an overdraft account with the bank which was in debit to the extent of rs 3822 9 ..... applicant to pay to him the sum of rs 3822 9 9 due on his overdraft account the applicant s answer is that he is entitled to satisfy it by setting .....

Minor Ramachandra by Next Friend K.L. Bhandary, Vakil Vs. Minor Shanta ...

Court: Chennai

Reported in: (1941)1MLJ77

..... bishambar nath by name induced the manager of the bank to allow him a large overdraft but as the half yearly audit was approaching it was deemed advisable to eliminate this ..... note for the amount and the bank manager to accept it in discharge of the overdraft the arrangement between the director and the maker of the promissory note was that the .....

Vempati Venkayya Vs. the Official Receiver

Court: Chennai

Reported in: AIR1941Mad796; (1941)2MLJ810

..... insolvent in that case had guaranteed to the insolvent s bankers the payment of the overdraft and the insolvent after he was aware of his insolvency paid in cheques and thereby ..... reduced the overdraft the trustee in bankruptcy claimed that the payments thus made amounted to a fraudulent preference .....

R.C. Bhide Vs. the Travancore National and Quilon Bank Ltd., in Liquid ...

Court: Chennai

Reported in: AIR1941Mad18; (1940)2MLJ697

..... this contract has been terminated by a notice calling in the amount due on the overdraft it is said that the liquidators had a right to do this because the contract .....

Mrs. Ida L. Chambers and Ors. Vs. Kelland Huxford Chamber's

Court: Chennai

Reported in: AIR1941Mad154; (1940)2MLJ963

..... then prevailing the national bank of india objected to any payment of interest until the overdraft which it had granted had been fully discharged as the result no further interest was .....