https://www.taxtmi.com/caselaws?id=221203 The court upheld the order of the Additional Commissioner of Income-tax for outstanding demands for assessment years 2004-05 and 2005-06, totaling Rs.288,41,16,037. The petitioner's challenge on the time-barred demand for 2004-05 was supported, with relief granted for installment payments. The court agreed with the petitioner on interest liability components for 2005-06, directing a deposit of Rs.56 crores against a sustainable demand of Rs.74 crores. Pending appeals need resolution within three months, ensuring effective appeal proceedings. en-us Fri, 15 Feb 2013 00:00:00 +0530 Thu, 24 Oct 2013 18:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221203 The court upheld the order of the Additional Commissioner of Income-tax for outstanding demands for assessment years 2004-05 and 2005-06, totaling Rs.288,41,16,037. The petitioner's challenge on the time-barred demand for 2004-05 was supported, with relief granted for installment payments. The court agreed with the petitioner on interest liability components for 2005-06, directing a deposit of Rs.56 crores against a sustainable demand of Rs.74 crores. Pending appeals need resolution within three months, ensuring effective appeal proceedings. Case-Laws Income Tax Fri, 15 Feb 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221203