https://www.taxtmi.com/caselaws?id=251860 The court allowed the writ petition, setting aside the order requiring the petitioner to pay a higher sum under Clause (a)(iv) instead of (a)(iii) of Section 88 of the Finance Act, 1998. The court held that the petitioner's case fell under Clause (a)(iii) as the tax arrears included income tax, interest, and penalty, necessitating payment of 30% of the disputed income. The court emphasized the correct calculation of disputed income and tax arrears, applying statutory interpretation principles to reject the authorities' interpretation. The petitioner was deemed not in arrears for the assessment year 1996-97, with no further payment obligation. en-us Tue, 08 Jul 2014 00:00:00 +0530 Tue, 30 Sep 2014 09:40:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=251860 The court allowed the writ petition, setting aside the order requiring the petitioner to pay a higher sum under Clause (a)(iv) instead of (a)(iii) of Section 88 of the Finance Act, 1998. The court held that the petitioner's case fell under Clause (a)(iii) as the tax arrears included income tax, interest, and penalty, necessitating payment of 30% of the disputed income. The court emphasized the correct calculation of disputed income and tax arrears, applying statutory interpretation principles to reject the authorities' interpretation. The petitioner was deemed not in arrears for the assessment year 1996-97, with no further payment obligation. Case-Laws Income Tax Tue, 08 Jul 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=251860