https://www.taxtmi.com/caselaws?id=5094 A communicated income-tax assessment order can constitute both property and a valuable security for the purposes of section 420 IPC if it is procured by dishonest inducement. The Court reasoned that the order has value to the assessee because it determines taxable income and liability, and it creates a right while restricting tax exposure, bringing it within the definition of valuable security. Ordinary-course communication did not negate the possibility of cheating where dishonest inducement was otherwise established. The charge under section 420 was therefore properly framed and the appeal failed. en-us Wed, 01 May 1968 00:00:00 +0530 Mon, 28 Oct 2024 12:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5094 A communicated income-tax assessment order can constitute both property and a valuable security for the purposes of section 420 IPC if it is procured by dishonest inducement. The Court reasoned that the order has value to the assessee because it determines taxable income and liability, and it creates a right while restricting tax exposure, bringing it within the definition of valuable security. Ordinary-course communication did not negate the possibility of cheating where dishonest inducement was otherwise established. The charge under section 420 was therefore properly framed and the appeal failed. Case-Laws Income Tax Wed, 01 May 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5094