https://www.taxtmi.com/acts?id=10991 An amount stated in a notice of demand must be paid within thirty days to the credit of the Central Government; the Assessing Officer may, on application before expiry of that period or during an appeal, extend time or allow instalments subject to conditions. Failure to pay within the allowed time, or default on any instalment, results in the assessee being deemed in default. The Assessing Officer may recover defaults by modes in section 215, but his recovery power ceases after one year from the end of the financial year of the notice; upon cessation, recovery powers vest in the Tax Recovery Officer. en-us Thu, 20 Aug 2009 13:50:01 +0530 Thu, 20 Aug 2009 13:50:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=10991 An amount stated in a notice of demand must be paid within thirty days to the credit of the Central Government; the Assessing Officer may, on application before expiry of that period or during an appeal, extend time or allow instalments subject to conditions. Failure to pay within the allowed time, or default on any instalment, results in the assessee being deemed in default. The Assessing Officer may recover defaults by modes in section 215, but his recovery power ceases after one year from the end of the financial year of the notice; upon cessation, recovery powers vest in the Tax Recovery Officer. Act-Rules Bills Thu, 20 Aug 2009 13:50:01 +0530 https://www.taxtmi.com/acts?id=10991