Overdraft - Year 1985 - Judgments

Mar 07 1985 (HC)

K.S. Shivappa Vs. State Bank of Mysore and ors.

Court: Karnataka

Decided on: Mar-07-1985

Reported in: [1988]63CompCas135(Kar); ILR1985KAR2040; 1985(2)KarLJ220

..... 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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Nov 06 1985 (HC)

Ubaidulla Abdul Aziz Farid Vs. SharafuddIn Abdul Fakih and ors.

Court: Mumbai

Decided on: Nov-06-1985

Reported in: 1986(3)BomCR207

..... and 3 as his sureties on the hypothecation of 20 buffaloes the overdraft facilities to the extent of rs 10 000 was ordered with monthly ..... by accused no 1 the complainant bank would not have given the overdraft facilities to the extent of rs 10 000 in this connection the ..... is whether on 20th of june 1974 when the complainant bank gave overdraft facilities to accused no 1 to the extent rs 10 000 against .....

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Mar 31 1985 (TRI)

income-tax Officer Vs. J. J. Investment.

Court: Income Tax Appellate Tribunal ITAT Amritsar

Decided on: Mar-31-1985

Reported in: (1986)17ITD468(Asr.)

..... giving wrong information of course with a view to get extra overdraft facilities yet it was for the bank to properly verify physically ..... documents furnished by the assessee to the bank to have the overdraft the assessee also furnished the certificate of the bank manager dated ..... whether the assessee pledged to it woollen yarn to have the overdraft facilities the bank manager stated in reply to it that .....

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Jun 28 1985 (HC)

Uganda Industries Co. Vs. Commissioner of Income-tax

Court: Gujarat

Decided on: Jun-28-1985

Reported in: (1985)48CTR(Guj)341; [1986]158ITR567(Guj)

..... and to finance it the assessee had made use of the overdraft facility which it had with the bank the said m s ..... used to take financial help from the assessee if its assessee s overdraft facility was not exhausted according to the assessee it took loan ..... cotton seeds the assessee s explanation was that since its limit of overdraft on hypothecation of cotton and kapas unginned cotton was exhausted it .....

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Nov 27 1985 (HC)

Bank of India Vs. Karnam Ranga Rao and ors.

Court: Karnataka

Decided on: Nov-27-1985

Reported in: [1988]64CompCas477(Kar)

..... interest by bank would be normally applicable in the matter of overdraft facilities only and that too when there is existence of ..... financing the question of the normal commercial banking conditions as in overdrafts would not come into play and the bank custom and ..... to charge interest with yearly rests and that too only on overdraft amount and unsecured loans the monthly or quarterly rests therefore .....

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Jul 23 1985 (HC)

Kamala Industrial Unit, Represented by Its Proprietor, J.S. Ramamoorth ...

Court: Chennai

Decided on: Jul-23-1985

Reported in: (1997)1MLJ664

..... loan for rs 1 42 000 called as term loan no i 3 overdraft limit of rs 24 000 against bills in the counter affidavit in ..... seen that the machinery purchase loan styled as term loan 1 and the overdraft facilities to the tune of rs 24 000 had been fully extended ..... default had been committed in the earlier payments similarly with reference to the overdraft limit of rs 24 000 it is seen from paragraph 3 of .....

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Oct 16 1985 (TRI)

Anil Kumar Vs. Inspecting Assistant

Court: Income Tax Appellate Tribunal ITAT Amritsar

Decided on: Oct-16-1985

Reported in: (1986)15ITD695(Asr.)

..... in error when she considered the rate of interest on bank overdrafts paid by the firm madan roller flour mills to reach ..... was excessive or unreasonable it was pointed out that the bank overdrafts were given after obtaining security from the borrower whereas the ..... year in respect of unsecured borrowings her relying on the bank overdrafts which are secured was improper and unjustified if that reasoning .....

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Oct 10 1985 (HC)

Commissioner of Income-tax Vs. Khalsa Engineering Works.

Court: Punjab and Haryana

Decided on: Oct-10-1985

Reported in: [1987]163ITR436(P& H)

..... income tax act hereinafter called the act it was found that the assessee had taken overdrafts from certain banks the assessee was asked by the income tax officer to furnish certificates ..... from the concerned banks confirming the overdrafts with details of the securities pledged with them to secure the overdrafts as per the certificates it was disclosed that on .....

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Jul 26 1985 (HC)

State Bank of India Vs. Hegde and Golay Limited

Court: Karnataka

Decided on: Jul-26-1985

Reported in: ILR1987KAR2364

..... credit bills indicated in ex p 109 at loan no 2 sanctioned similarly the unsecured overdraft sanctioned in ex p 108 became part of cash credit guarantee cum hypothecation loan sanctioned ..... he may find with him for the time being the banker granting cash credit and overdraft facilities has to estimate the amount of his customer s requirements and in case the .....

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Mar 01 1985 (TRI)

Wealth-tax Officer Vs. Radhika Ranjan

Court: Income Tax Appellate Tribunal ITAT Allahabad

Decided on: Mar-01-1985

Reported in: (1985)13ITD457(All.)

..... bank on the securities of these fixed deposits the firm krishna das radhika ranjan took overdrafts 3 both the above assessees claimed exemption from wealth tax with regard to the fixed ..... had advanced the amount to the assessees had also taken advantage of the grant of overdrafts on the deposits made by the assessees 4 both the above assessees appealed to the .....

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