Payment of tax in instalments allowed by Commissioner with interest; default accelerates full balance and enables recovery. The Commissioner may, for reasons recorded in writing, extend time for payment or allow payment of any amount due under the Act in monthly instalments subject to prescribed conditions and payment of interest under section 50, excluding amounts self assessed in any return. Default of any single instalment causes the entire outstanding balance to become immediately due and payable and liable for 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 of tax in instalments allowed by Commissioner with interest; default accelerates full balance and enables recovery.
The Commissioner may, for reasons recorded in writing, extend time for payment or allow payment of any amount due under the Act in monthly instalments subject to prescribed conditions and payment of interest under section 50, excluding amounts self assessed in any return. Default of any single instalment causes the entire outstanding balance to become immediately due and payable and liable for recovery without further notice.
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