Overdraft - Year 1965 - Judgments

Sep 26 1965 (HC)

income-tax Officer, Company Circle, Bangalore Vs. Official Liquidator, ...

Court: Karnataka

Decided on: Sep-26-1965

Reported in: [1967]37CompCas143(Kar)

..... in respect of transactions relating to loans and advances loans and mortgages cash credit or overdraft bonds agreements of pawn or pledge and letters of hypothecation executed by farmers for agricultural .....

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Feb 12 1965 (HC)

India Motor Parts and Accessories Ltd. (P), Madras Vs. the Commissione ...

Court: Chennai

Decided on: Feb-12-1965

Reported in: AIR1966Mad411; [1966]60ITR531(Mad)

..... the income tax officer taking into account the circumstance that when the assessee applied for overdraft to a bank they declared the value of these goods at a particular figure and .....

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Sep 09 1965 (HC)

Canara Workshops Ltd. Vs. Union of India

Court: Karnataka

Decided on: Sep-09-1965

Reported in: [1966]36CompCas553(Kar); (1965)2MysLJ520

..... in respect of transactions relating to loans and advances loans and mortgages cash credit or overdraft bonds agreements of pawn or pledge and letters of hypothecation executed by farmers for agricultural .....

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Dec 06 1965 (HC)

Smt. Jayanthi Bai and ors. Vs. Popular Bank Ltd.

Court: Kerala

Decided on: Dec-06-1965

Reported in: AIR1966Ker296; [1966]36CompCas854(Ker)

..... impugned was a fraudulent preference 14 the 13th respondent had an overdraft account with the bank which on the 10th august 1956 ..... subsequent to the 10th august to the credit of the overdraft account no doubt chiefly with funds said to have been ..... to obtain specific performance of the agreement was thus assured the overdraft liability apart nothing precluded the 13th respondent from withdrawing from .....

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Mar 25 1965 (HC)

Commissioner of Income Tax Vs. Smt. Shyamo Bibi

Court: Allahabad

Decided on: Mar-25-1965

Reported in: AIR1967All82; [1966]59ITR1(All)

..... law applied on chimanbhai lalbhai 1958 34itr259 bom to entries of an overdraft allowed by a banker could not be applied to entries in ..... position became what it would have been if the amount of the overdraft had already been included in the balance of the creator of ..... is to be distinguished from the instant case because there is no overdraft here to make up the deficit in the credit balance therefore .....

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Mar 15 1965 (SC)

Narayandas Shreeram Somani Vs. the Sangli Bank Ltd.

Court: Supreme Court of India

Decided on: Mar-15-1965

Reported in: AIR1966SC170; [1965]35CompCas596(SC); [1965]3SCR777

..... was opened in the books of the company and ramnath obtained the sanctioned overdraft by a cheque dated june 27 1946 for rs 15 000 and another ..... in his loan account for rs 65 743 6 6 and in his overdraft account for rs 41 909 10 0 on that date both accounts were ..... indebtedness in the loan accounts he paid rs 750 4 0 in the overdraft account towards interest on december 12 1946 and rs 1 484 7 0 .....

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Jan 11 1965 (HC)

S.F. Engineer and ors. (a Firm) Vs. Commissioner of Income-tax, Bombay ...

Court: Mumbai

Decided on: Jan-11-1965

Reported in: (1965)67BOMLR394; [1965]57ITR455(Bom)

..... temporary or day to day accommodation by way of banking or overdraft facilities which could not be regarded as capital employed or intended ..... securities with their bankers in new york to obtain a fluctuating overdraft on which interest was charged at current rates from day to ..... day subsequently in addition to the overdraft the bank granted the company a loan with a fixed .....

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Jan 29 1965 (HC)

Prabhat Bank Ltd. and anr. Vs. Babu Ram

Court: Allahabad

Decided on: Jan-29-1965

Reported in: AIR1966All134

..... 1 this appeal by the plaintiff arises under the following circumstances the respondent had an overdraft account with the plaintiff prabhat bank ltd since 1945 on 31st december 1946 the debit ..... for a sum of rs 5 000 by way of security for repayment of the overdraft on that very day the respondent executed a written agreement in favour of the appellant .....

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Nov 18 1965 (HC)

Kunjamma Karthiani Amma Vs. Lord Krishna Bank Ltd.

Court: Kerala

Decided on: Nov-18-1965

Reported in: AIR1966Ker276

..... occasions did not exceed rs 1500 the total amount borrowed on the strength of the overdraft accommodation exceeded rs 1500 in each case that the borrowings were in each case not ..... van v travancore general bank ltd 1965 ker lt 737 that such borrowings on an overdraft agreement must be held to arise out of a single transaction the above facts bring .....

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May 13 1965 (HC)

Praise and Co. (Private) Ltd. Vs. Commissioner of Income-tax, West Ben ...

Court: Kolkata

Decided on: May-13-1965

Reported in: [1966]60ITR566(Cal)

..... and 16 1950 the assessee had taken the sum of rs 1 50 000 as overdraft from the bank for repayment to o k co on july 19 1952 the assessee ..... o k co rs 2 50 000 and utilized the balance to liquidate the bank overdraft which stood at rs 2 17 520 on december 31 1952 rs 5 37 000 .....

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