https://www.taxtmi.com/caselaws?id=23713 Advance tax paid by cheque on the due date is treated as payment when the cheque is delivered to the authorised officer, even if encashment occurs later. The revised estimate reaching the officer a day late did not justify ignoring the instalment actually paid on time. Penalty under section 273(1)(a) is discretionary and should not be imposed for a merely technical or venial breach where the assessee acted fairly and honestly. On that basis, the payment was accepted as advance tax and no penalty was leviable. en-us Wed, 24 Feb 1988 00:00:00 +0530 Wed, 23 Dec 2009 18:25:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23713 Advance tax paid by cheque on the due date is treated as payment when the cheque is delivered to the authorised officer, even if encashment occurs later. The revised estimate reaching the officer a day late did not justify ignoring the instalment actually paid on time. Penalty under section 273(1)(a) is discretionary and should not be imposed for a merely technical or venial breach where the assessee acted fairly and honestly. On that basis, the payment was accepted as advance tax and no penalty was leviable. Case-Laws Income Tax Wed, 24 Feb 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23713