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1974 (4) TMI 8 - HC - Income TaxAssessee's accounts are accepted as genuine and there is enough cash balance to cover high denomination notes held by the assessee - burden of proof in respect of the high denomination notes - Whether, in view of the fact that notes of Rs. 1,000 were legal tender on the date of promulgation of the Ordinance (January 12, 1946), the Tribunal had erred in coming to the conclusion that the cash balance of Rs. 1,70,038 did not include 140 high denomination notes when they were presented on January 22, 1946, to the bank for encashment ? "
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