Date of encashment of cheque determines tax payment timing, overriding cheque presentation rules under treasury guidance. Date of encashment of a cheque constitutes the tax payment date where the department has prescribed conditions under the Treasury Rules; the Board's circular treating realised cheque proceeds as the payment date is permissible and displaces the general cheque presentation rule relied on by taxpayers seeking interest, and cheques must be sent to the bank without delay.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Date of encashment of cheque determines tax payment timing, overriding cheque presentation rules under treasury guidance.
Date of encashment of a cheque constitutes the tax payment date where the department has prescribed conditions under the Treasury Rules; the Board's circular treating realised cheque proceeds as the payment date is permissible and displaces the general cheque presentation rule relied on by taxpayers seeking interest, and cheques must be sent to the bank without delay.
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