https://www.taxtmi.com/caselaws?id=71710 Cheques tendered towards advance tax and presented in time were treated as paid on the date of presentation, because the Department could realise the amount by sending them for collection and any later encashment delay was not attributable to the assessee. On that basis, interest under section 214 was correctly granted from the presentation date. The text also states that where the assessment is not erroneous or prejudicial to the interests of the Revenue on that footing, revision under section 263 is not justified. en-us Wed, 13 Apr 1977 00:00:00 +0530 Tue, 26 Apr 2011 17:04:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71710 Cheques tendered towards advance tax and presented in time were treated as paid on the date of presentation, because the Department could realise the amount by sending them for collection and any later encashment delay was not attributable to the assessee. On that basis, interest under section 214 was correctly granted from the presentation date. The text also states that where the assessment is not erroneous or prejudicial to the interests of the Revenue on that footing, revision under section 263 is not justified. Case-Laws Income Tax Wed, 13 Apr 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71710