TMI Blog2001 (4) TMI 331X X X X Extracts X X X X X X X X Extracts X X X X ..... e condition of pre-deposit of penalty amount of Rs. 1.0 lac (Rupees one lac only) I take up the appeal itself for disposal as the issue involved is short. 2. The above penalty has been imposed upon the appellant on the ground that there is a gap of few days between the date of presentation of the cheque to their banker and the date of actual realisation of the amount by the Revenue. The appellan ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... arefully considering the issue involved, I see no reason to differ with the law as laid down in the above decision referred by the appellants. Inasmuch as there is no dispute that the cheques presented by the appellants were subsequently encashed by the Revenue and no cheque was dishonoured, the date of presentation of the cheque has to be taken as the relevant date for the purpose of taking credi ..... X X X X Extracts X X X X X X X X Extracts X X X X
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