Crossed cheque verification: ensure payee-bank endorsement on returned paid cheques before accepting them as payment evidence. Verification of payments by crossed cheques requires officers to authenticate that paid cheques were genuinely crossed and processed through the payee's bank; a proper crossed cheque bears the payee-bank stamp on the reverse, and absence of that stamp indicates the cheque may have been crossed after encashment and is not reliable documentary proof of payment.
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.
Crossed cheque verification: ensure payee-bank endorsement on returned paid cheques before accepting them as payment evidence.
Verification of payments by crossed cheques requires officers to authenticate that paid cheques were genuinely crossed and processed through the payee's bank; a proper crossed cheque bears the payee-bank stamp on the reverse, and absence of that stamp indicates the cheque may have been crossed after encashment and is not reliable documentary proof of payment.
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
TaxTMI 
