2013 (8) TMI 349

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.... (Appeals), Revenue has filed the present appeal. A short issue involved in these appeal is whether payment has to be considered as having been deposited on the date of cheque or the day when same is encashed by the bank. For better appreciation of dispute and reasoning adopted by the Commissioner (Appeals) for allowing the appeal, I reproduce the relevant para of the order:- In terms of above ....

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....heque payment, delayed realisation, date of credit, penalty - When cheques presented encashed by Revenue, and no cheque dishonoured, date of presentation of cheque has to be taken as the relevant date for taking credit even when there is a gap of few days between date of presentation of cheque to banker and date of actual realisation of amount by Revenue - Such delay not a ground for imposition of....