https://www.taxtmi.com/caselaws?id=62525 Cheque payment to a duly authorised agent for purchase of National Savings Certificates constituted subscription in the previous year for section 80C deduction, because payment to the agent was payment to the issuing organisation in the ordinary course of agency business. The rules permitted purchase by cheque, and the later date on which the certificates were issued was not determinative. On that basis, the ITAT Delhi allowed the deduction in favour of the assessee. en-us Fri, 11 Mar 1988 00:00:00 +0530 Thu, 20 Jan 2011 12:43:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62525 Cheque payment to a duly authorised agent for purchase of National Savings Certificates constituted subscription in the previous year for section 80C deduction, because payment to the agent was payment to the issuing organisation in the ordinary course of agency business. The rules permitted purchase by cheque, and the later date on which the certificates were issued was not determinative. On that basis, the ITAT Delhi allowed the deduction in favour of the assessee. Case-Laws Income Tax Fri, 11 Mar 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62525