https://www.taxtmi.com/acts?id=11875 Amounts specified in a notice of demand must be paid to the credit of the Central Government within the prescribed time. The Assessing Officer may shorten that period with Joint Commissioner approval where revenue interests require, or on the assessee's timely application may extend time or permit instalments subject to conditions. Failure to pay within the prescribed, reduced, or extended time renders the assessee an assessee in default, and default on any instalment makes the whole outstanding amount immediately in default. The Assessing Officer may recover amounts in default by one or more statutory recovery modes, and the Tax Recovery Officer may act upon drawing up a statement of tax arrear. en-us Fri, 17 Sep 2010 11:41:00 +0530 Fri, 17 Sep 2010 11:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=11875 Amounts specified in a notice of demand must be paid to the credit of the Central Government within the prescribed time. The Assessing Officer may shorten that period with Joint Commissioner approval where revenue interests require, or on the assessee's timely application may extend time or permit instalments subject to conditions. Failure to pay within the prescribed, reduced, or extended time renders the assessee an assessee in default, and default on any instalment makes the whole outstanding amount immediately in default. The Assessing Officer may recover amounts in default by one or more statutory recovery modes, and the Tax Recovery Officer may act upon drawing up a statement of tax arrear. Act-Rules Bills Fri, 17 Sep 2010 11:41:00 +0530 https://www.taxtmi.com/acts?id=11875