cash, Rs. 41,50,000/- vide cheque dated 15.03.2007 and
Rs. 5 Crore vide cheque No. 009643 undated from M/s Link Infrastructure &
Developers ... property remained with the seller till the encashment of undated cheque and
cultivation of land was being done by the seller was not maintained
cash, Rs. 41,50,000/- vide cheque dated 15.03.2007 and
Rs. 5 Crore vide cheque No. 009643 undated from M/s Link Infrastructure &
Developers ... property remained with the seller till the encashment of undated cheque and
cultivation of land was being done by the seller was not maintained
cash,
Rs. 41,50,000/- vide cheque dated 15.03.2007 and Rs. 5
Crore vide cheque No. 009643 undated from M/s Link
Infrastructure & Developers ... property remained with the
seller till the encashment of undated cheque and
cultivation of land was being done by the seller was not
6
maintained
cash, Rs. 41,50,000/- vide cheque
dated 15.03.2007 and Rs. 5 Crore vide cheque No.
009643 undated f rom M/s Link Inf rastructure ... Deed f or
cancellation of the Sale Deed on dishonour of
undated cheque. Regarding possession, assessee
opposite party insisted the complainant to issue an undated cheque for
Rs.22,00,000/- in its name towards security for the payment ... charges. The complainant submitted
believing the opposite party, he passed an undated cheque for Rs.22,00,000/- drawn
on ICICI Bank, Karkhana Branch
income. In search action in the case of Ashoka Group an undated
cheque of Rs.11 lakhs duly signed by assessee issued in favour ... submitted that only document found and seized
during search is an undated cheque of Rs.11 lakhs issued by assessee. Apart
from the said cheque
assessee. The assessee has
failed to explain as to why the undated cheque of Rs. 9.75 crores was not
presented before the bank ... over at the time of signing of the agreement, and (ii) undated cheque of
Rs.9.75 crore. It was also agreed that the assessee
cheque is encashed, the person who issues the cheque remains in
control of the cheque, because he can make the stop payment of the cheque ... searched. The cheque was found from the person upon whom
the cheque was drawn. Therefore, in our opinion, the cheque "belongs
balance
consideration of Rs. 5 Crores was to be paid through undated cheque No.
009643. Further, it is mentioned that due to bouncing ... between the parties. The assessee fur ther explained
that when the undated cheque was not paid by the buyer company, one of the
assessee Shri
date of payment till the date of
realization, return the undated cheque
for Rs. 70,000/- drawn on HDFC bank and costs ... additional amount and on failure to pay she will deposit
the undated cheque, and in case it was dishonoured, initiate criminal action. However, the averment
