Installment payment: Commissioner may allow monthly deferred payments subject to interest and conditions; default accelerates recovery. The Commissioner may, on an application and for reasons recorded in writing, allow deferred payment of amounts due (excluding self-assessed return liabilities) by monthly installments for a limited period, subject to interest under section 50 and prescribed conditions; a default in any installment accelerates the whole outstanding balance, making it immediately due 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.
Installment payment: Commissioner may allow monthly deferred payments subject to interest and conditions; default accelerates recovery.
The Commissioner may, on an application and for reasons recorded in writing, allow deferred payment of amounts due (excluding self-assessed return liabilities) by monthly installments for a limited period, subject to interest under section 50 and prescribed conditions; a default in any installment accelerates the whole outstanding balance, making it immediately due and liable for recovery without further notice.
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