https://www.taxtmi.com/acts?id=7597 When a negotiable instrument can be construed either as a promissory note or as a bill of exchange, the holder may, by election, treat it as either form, and the instrument must thenceforward be treated in accordance with that elected character, thereby fixing its subsequent legal treatment. en-us Sat, 19 Jan 2008 22:45:54 +0530 Sat, 19 Jan 2008 22:45:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=7597 When a negotiable instrument can be construed either as a promissory note or as a bill of exchange, the holder may, by election, treat it as either form, and the instrument must thenceforward be treated in accordance with that elected character, thereby fixing its subsequent legal treatment. Act-Rules Indian Laws Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=7597