We've upgraded AI Search on TaxTMI with two powerful modes:
1. Basic • Quick overview summary answering your query with references• Category-wise results to explore all relevant documents on TaxTMI
2. Advanced • Includes everything in Basic • Detailed report covering: - Overview Summary - Governing Provisions [Acts, Notifications, Circulars] - Relevant Case Laws - Tariff / Classification / HSN - Expert views from TaxTMI - Practical Guidance with immediate steps and dispute strategy
• Also highlights how each document is relevant to your query, helping you quickly understand key insights without reading the full text.Help Us Improve - by giving the rating with each AI Result:
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.
<h1>Petitioner to Pay Balance of Interest Tax in Installments</h1> The High Court of Madras ruled that the petitioner must pay the balance of interest tax amounting to Rs. 2,61,535 in five monthly instalments starting ... Interest on tax liability - Acceptance and payment of tax demand - Installment payment of tax demandInterest on tax liability - Installment payment of tax demand - Permission to remit the balance interest on admitted tax demand by monthly instalments. - HELD THAT: - The petitioner had accepted the interest tax demand and paid a portion of the liability, remaining liable for the balance. The court noted the petitioner had already paid 25% of the outstanding interest and directed that the balance be remitted to the respondent in five equal monthly instalments. The first instalment was ordered to commence from 01.02.2018. The court disposed of the writ petition by permitting this staggered payment and imposed no costs. [Paras 3, 4]Balance interest liability to be paid in five equal monthly instalments, first instalment due 01.02.2018; writ petition disposed of.Final Conclusion: Writ petition disposed of by permitting the petitioner to pay the balance interest on the admitted tax demand in five equal monthly instalments commencing 01.02.2018; no costs. The High Court of Madras heard a case regarding interest tax. The petitioner accepted and paid the tax demand but still owes interest of Rs. 3,48,735. The petitioner will pay the balance of Rs. 2,61,535 in five monthly instalments starting from 01.02.2018. The Writ Petition was disposed of with no costs.
TaxTMI 
• Category-wise results to explore all relevant documents on TaxTMI
Help Us Improve - by giving the rating with each AI Result:
TaxTMI 
TaxTMI 
