https://www.taxtmi.com/caselaws?id=37070 A cheque tendered towards advance income-tax could not be treated as valid payment where the assessee failed to file the statutory revised estimate required under the advance-tax scheme. Even though the general rule on cheques being treated as paid on honour was acknowledged, that principle did not override the specific statutory condition that a proper estimate must accompany payment on the assessee's own computation. On that basis, the payment was ineffective for avoiding penalty, and penalty under section 273(a) was held to be leviable. en-us Thu, 24 May 1979 00:00:00 +0530 Fri, 26 Mar 2010 12:11:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37070 A cheque tendered towards advance income-tax could not be treated as valid payment where the assessee failed to file the statutory revised estimate required under the advance-tax scheme. Even though the general rule on cheques being treated as paid on honour was acknowledged, that principle did not override the specific statutory condition that a proper estimate must accompany payment on the assessee's own computation. On that basis, the payment was ineffective for avoiding penalty, and penalty under section 273(a) was held to be leviable. Case-Laws Income Tax Thu, 24 May 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37070