https://www.taxtmi.com/caselaws?id=36156 The High Court of Punjab and Haryana ruled in favor of the assessee regarding the validity of cheque payments as actual payments under section 210 of the Income-tax Act. The Court held that handing over the cheques constituted payment, and the delay in encashment did not invalidate the payments. However, the Court sided with the revenue against the assessee on the issue of interest entitlement under section 214 of the Act. It clarified that interest on the reduced tax amount post-appeal was not applicable as the assessee had not paid more advance tax than determined at regular assessment. en-us Fri, 26 Sep 1980 00:00:00 +0530 Fri, 19 Mar 2010 16:26:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36156 The High Court of Punjab and Haryana ruled in favor of the assessee regarding the validity of cheque payments as actual payments under section 210 of the Income-tax Act. The Court held that handing over the cheques constituted payment, and the delay in encashment did not invalidate the payments. However, the Court sided with the revenue against the assessee on the issue of interest entitlement under section 214 of the Act. It clarified that interest on the reduced tax amount post-appeal was not applicable as the assessee had not paid more advance tax than determined at regular assessment. Case-Laws Income Tax Fri, 26 Sep 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36156