Court Orders Payment Plan for Arrears of Income Tax The court ordered the petitioner to pay Rs.1 lakh within 15 days and the remaining balance of Rs.4,46,410 in four equal monthly installments for arrears ...
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.
Court Orders Payment Plan for Arrears of Income Tax
The court ordered the petitioner to pay Rs.1 lakh within 15 days and the remaining balance of Rs.4,46,410 in four equal monthly installments for arrears of income tax. Failure to comply could lead to legal action by the first respondent. Upon payment of the initial Rs.1 lakh, the attachment of the petitioner's bank accounts would be lifted. The judgment specified the payment terms and closed all related petitions without additional costs.
Issues: Arrears of income tax payment, installment plan for payment
Arrears of Income Tax Payment: The judgment addresses the issue of arrears of income tax payment by the petitioner to the first respondent. The petitioner had already paid Rs.1 lakh out of the total amount due, which was Rs.6,46,410. The counsel for the first respondent requested the court to direct the petitioner to pay another Rs.1 lakh within 15 days and the remaining balance of Rs.4,46,410 in four equal monthly installments. The court accepted this request and directed the petitioner to make the payment as specified. It was ordered that upon payment of the initial Rs.1 lakh, the attachment of the petitioner's bank accounts in respondent banks would be lifted. Failure to comply with the installment plan could result in the first respondent taking legal action against the petitioner.
Installment Plan for Payment: The judgment outlines a specific installment plan for the payment of the arrears of income tax by the petitioner. The petitioner was directed to pay Rs.1 lakh within 15 days from the judgment date and the remaining Rs.4,46,410 in four equal monthly installments, with each installment due on or before the 15th of every succeeding month. The court emphasized that failure to adhere to this payment schedule would empower the first respondent to take appropriate legal action against the petitioner. The judgment concluded by ordering the writ petitions in accordance with the specified payment terms, with no additional costs incurred and closing all connected miscellaneous petitions.
---
Full Summary is available for active users!
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 
Join Channel
TaxTMI 
