Verification of the payments made by crossed cheques.

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....s have been allowed to return the paid cheques to their constituents after obtaining a formal undertaking from t hem to the effect that they shall retain the returned paid cheques for a period of 8 years and produce then before the Income-tax Officer whenever called upon to do so. 2. In examining the paid cheques produced by the assessees, the Income-tax officers should ensure that they are gen....