https://www.taxtmi.com/caselaws?id=14121 Where the Kar Vivad Samadhan Scheme required payment within 30 days but did not prescribe actual realisation as a condition, an honoured cheque tendered within that period constituted payment on the date of presentation. The court applied Rule 80 of the Central Treasury Rules and held that, absent any contrary statutory requirement, payment by cheque is deemed made when the cheque is presented if it is honoured. As the petitioner's cheque was not dishonoured, later realisation did not defeat compliance with section 90(2) of the Finance (No. 2) Act, 1998. The refusal to issue the certificate under the Scheme was therefore unlawful. en-us Fri, 27 Apr 2001 00:00:00 +0530 Mon, 13 Jul 2009 17:27:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14121 Where the Kar Vivad Samadhan Scheme required payment within 30 days but did not prescribe actual realisation as a condition, an honoured cheque tendered within that period constituted payment on the date of presentation. The court applied Rule 80 of the Central Treasury Rules and held that, absent any contrary statutory requirement, payment by cheque is deemed made when the cheque is presented if it is honoured. As the petitioner's cheque was not dishonoured, later realisation did not defeat compliance with section 90(2) of the Finance (No. 2) Act, 1998. The refusal to issue the certificate under the Scheme was therefore unlawful. Case-Laws Income Tax Fri, 27 Apr 2001 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14121