https://www.taxtmi.com/caselaws?id=235388 The court addressed a challenge by a Government company against a notice issued by the Assistant Commissioner of Income Tax demanding payment of a sum within 15 days, contrary to the usual 30-day period under Section 220 of the Income Tax Act, 1961. The court emphasized the importance of complying with legal requirements for curtailing payment periods and obtaining prior approval. With the petitioner already granted an extended recovery period and a stay on recoveries, the court disposed of the petitions without further modifications to the notice period specified. en-us Mon, 06 May 2013 00:00:00 +0530 Sat, 07 Dec 2013 14:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=235388 The court addressed a challenge by a Government company against a notice issued by the Assistant Commissioner of Income Tax demanding payment of a sum within 15 days, contrary to the usual 30-day period under Section 220 of the Income Tax Act, 1961. The court emphasized the importance of complying with legal requirements for curtailing payment periods and obtaining prior approval. With the petitioner already granted an extended recovery period and a stay on recoveries, the court disposed of the petitions without further modifications to the notice period specified. Case-Laws Income Tax Mon, 06 May 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=235388