https://www.taxtmi.com/caselaws?id=467588 For interest under section 201(1A), the date of payment of TDS by cheque is the date the cheque is tendered to the bank, not the date of debit or challan generation, where the cheque is subsequently honoured. The article applies the principle that payment by cheque is a conditional payment which, once honoured, relates back to the date of delivery. Supported by the CBDT circular and section 46 of the Negotiable Instruments Act, 1881, this treats timely cheque tender as timely deposit for TDS purposes and avoids interest for alleged delay. en-us Wed, 04 Oct 2017 00:00:00 +0530 Wed, 25 Mar 2026 14:23:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=467588 For interest under section 201(1A), the date of payment of TDS by cheque is the date the cheque is tendered to the bank, not the date of debit or challan generation, where the cheque is subsequently honoured. The article applies the principle that payment by cheque is a conditional payment which, once honoured, relates back to the date of delivery. Supported by the CBDT circular and section 46 of the Negotiable Instruments Act, 1881, this treats timely cheque tender as timely deposit for TDS purposes and avoids interest for alleged delay. Case-Laws Income Tax Wed, 04 Oct 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=467588