Recording of cheque tender date ensures payment is treated as made when the instrument is handed to bankers upon honour. Recording the date a cheque or draft is tendered with an authorised public sector bank determines the date of payment for direct taxes when the instrument is honoured; banks were instructed to stamp chalans with either an inward receipt or a two-date stamp (date of tender and date of realisation), and chalan proformae were revised to include separate columns for those dates.
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.
Recording of cheque tender date ensures payment is treated as made when the instrument is handed to bankers upon honour.
Recording the date a cheque or draft is tendered with an authorised public sector bank determines the date of payment for direct taxes when the instrument is honoured; banks were instructed to stamp chalans with either an inward receipt or a two-date stamp (date of tender and date of realisation), and chalan proformae were revised to include separate columns for those dates.
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