Overdraft - Year 1964 - Judgments

Aug 18 1964 (HC)

Jeewanlal (1929) Ltd. Vs. Commissioner of Income-tax.

Court: Kolkata

Decided on: Aug-18-1964

Reported in: [1965]57ITR132(Cal)

..... incurred an expenditure of rs 35 800 for securing financial overdraft from a bank the said amount comprised the following heads ..... no extenuating circumstances which compel us to conclude that the overdraft facility in the instant case is a capital asset and ..... expenditure is of capital nature as stated above ordinarily the overdraft facility gives an advantage of an enduring character because the .....

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Apr 16 1964 (HC)

National and Grindlays Bank Ltd. Vs. Tikam Chand Daga and anr.

Court: Kolkata

Decided on: Apr-16-1964

Reported in: AIR1964Cal358

..... pakistan to be called hereafter as the company maintained an overdraft account with the plaintiff then carrying on business of banking ..... the purpose of being remitted to pakistan for credit in the overdraft account of the foreign company 4 has the contract of ..... the implementation of your guarantee by immediate payment of the overdraft plus interest that the guarantors were served with the letter .....

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Mar 26 1964 (SC)

Commissioner of Income-tax (Central), Calcutta Vs. Daulatram Rawatmull

Court: Supreme Court of India

Decided on: Mar-26-1964

Reported in: [1964]53ITR574(SC)

..... of the assessee this deposit was later offered as security for overdraft facility granted to sri hanuman sugar mills ltd in the managing ..... difference the amount was not utilised by the assessee for an overdraft neither the amount found its way into the assessee s ..... similar circumstances 3 that the same modus was adopted for making overdraft arrangements in british india in respect of the three deposit .....

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Mar 24 1964 (HC)

Kutty Sahib Vs. Commissioner of Gift-tax, KeralA.

Court: Kerala

Decided on: Mar-24-1964

Reported in: [1965]55ITR146(Ker)

..... with the catholic syrian bank limited trichur and another in respect of an overdraft account of the assessee with the said bank the statement of the ..... of the gift it must follow that the liability in respect of the overdraft account on that date was rs 6 163 we see no reason ..... to say that the assessees kuri liability of rs 22 000 and his overdraft liability of rs 6 163 on the date of the gift deed .....

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Feb 02 1964 (HC)

State of Mysore Vs. Official Liquidator H.C. Mysore and anr.

Court: Karnataka

Decided on: Feb-02-1964

Reported in: AIR1965Kant261; AIR1965Mys261

..... 7 of the act aid includes aid extended to an industry by guaranteeing cash credit overdraft or fixed advance with a bank s 19 1 reads as follows all moneys payable .....

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Mar 26 1964 (HC)

Sm. Sumitra Debi Jalan Vs. Satya Narayan Prahladka and ors.

Court: Kolkata

Decided on: Mar-26-1964

Reported in: AIR1965Cal355

..... and the firm of radhakissen santhalia is a well known firm having considerable business their overdraft facility was about rs 60 lakhs against security for about one crore with the allahabad .....

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Dec 05 1964 (HC)

Banshidhar Onkarmal Vs. Commissioner of Income-tax, Bihar and OrissA.

Court: Orissa

Decided on: Dec-05-1964

Reported in: [1965]58ITR462(Orissa)

..... under section 12 2 of the income tax act whether the loan is on an overdraft or is a fixed deposit or a debenture makes no difference in law mr b .....

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Apr 29 1964 (HC)

Seth Pushalal Mansinghka Private Ltd. Vs. Commissioner of Income-tax, ...

Court: Rajasthan

Decided on: Apr-29-1964

Reported in: [1967]63ITR109(Raj)

..... in the alternative he also held that the mere giving of credit by way of overdraft against railway receipts was a matter of no consequence as such a facility might have .....

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Oct 21 1964 (HC)

Brahmayya and Co. Official Liquidators, Hanuman Bank Ltd. (In Liquidat ...

Court: Chennai

Decided on: Oct-21-1964

Reported in: AIR1966Mad247

..... instituted proceedings for the recovery of amount due from a customer in respect of an overdraft account it was held that the proceedings were not barred by time by virtue of .....

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Jan 24 1964 (HC)

Commercial and Industrial Bank Ltd., Gunfoundry Through Manager Viswan ...

Court: Andhra Pradesh

Decided on: Jan-24-1964

Reported in: AIR1966AP246

..... sivarama sastry the learned counsel for the plaintiff appellant that the overdraft loan account between the plaintiff and the defendants is a ..... security and receive the balance outstanding on the said b g overdraft account of the defendants with the plaintiff bank in the ..... appellant had right to sell shares and apply proceeds to overdraft account last entry made on 28 01 1946 appellant filed .....

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