Payment in installments: authority may allow phased tax payments with interest and conditions; missed instalment accelerates recovery. The Commissioner/Chief Commissioner may, for reasons recorded in writing, extend time or permit payment of amounts due (excluding liabilities self assessed in returns) by monthly installments with interest under section 36 and subject to prescribed conditions; default of any one installment accelerates the entire outstanding balance to immediate payment and recovery without further notice.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Payment in installments: authority may allow phased tax payments with interest and conditions; missed instalment accelerates recovery.
The Commissioner/Chief Commissioner may, for reasons recorded in writing, extend time or permit payment of amounts due (excluding liabilities self assessed in returns) by monthly installments with interest under section 36 and subject to prescribed conditions; default of any one installment accelerates the entire outstanding balance to immediate payment and recovery without further notice.
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