https://www.taxtmi.com/caselaws?id=275118 The Court upheld the Tribunal's decision in a tax case involving the treatment of post-dated cheques under the Income Tax Act, 1961. It ruled that the cheques did not fall under Sections 13(2)(b), (d), or (h) as claimed by the Revenue. The Court agreed that the post-dated cheques were not immediately available for use, no services were provided to the drawer, and the cheque amount did not constitute an investment without compensation. As a result, the appeal by the Revenue was dismissed, with no substantial question of law identified. en-us Tue, 04 Mar 2008 00:00:00 +0530 Wed, 19 Sep 2018 14:04:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275118 The Court upheld the Tribunal's decision in a tax case involving the treatment of post-dated cheques under the Income Tax Act, 1961. It ruled that the cheques did not fall under Sections 13(2)(b), (d), or (h) as claimed by the Revenue. The Court agreed that the post-dated cheques were not immediately available for use, no services were provided to the drawer, and the cheque amount did not constitute an investment without compensation. As a result, the appeal by the Revenue was dismissed, with no substantial question of law identified. Case-Laws Income Tax Tue, 04 Mar 2008 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275118