Discharge of payee on account-payee refund cheques removed where MICR mechanised processing is used, conventional forms unchanged. Requirement for the payee's signature as discharge on the reverse of account-payee income-tax refund cheques is removed where refund cheques are issued after introduction of MICR mechanised processing; conventional non-MICR refund orders remain subject to the existing discharge requirement under the prevailing system.
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Provisions expressly mentioned in the judgment/order text.
Discharge of payee on account-payee refund cheques removed where MICR mechanised processing is used, conventional forms unchanged.
Requirement for the payee's signature as discharge on the reverse of account-payee income-tax refund cheques is removed where refund cheques are issued after introduction of MICR mechanised processing; conventional non-MICR refund orders remain subject to the existing discharge requirement under the prevailing system.
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