https://www.taxtmi.com/caselaws?id=382912 The Court upheld the condition requiring a Co-operative Bank to deposit 20% of the tax demanded in installments, finding no justification for interference. The Court granted an extension for the commencement of payments in the interest of justice, modifying the order to allow payment in five equal monthly installments, with the first installment due by a specified date. The Assessing Officer was tasked with monitoring payments, warning of revocation of the stay if defaults occurred. The Court disposed of the Writ Petition, balancing the deposit condition with the extension granted for payment commencement. en-us Mon, 01 Jul 2019 00:00:00 +0530 Fri, 12 Jul 2019 08:22:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=382912 The Court upheld the condition requiring a Co-operative Bank to deposit 20% of the tax demanded in installments, finding no justification for interference. The Court granted an extension for the commencement of payments in the interest of justice, modifying the order to allow payment in five equal monthly installments, with the first installment due by a specified date. The Assessing Officer was tasked with monitoring payments, warning of revocation of the stay if defaults occurred. The Court disposed of the Writ Petition, balancing the deposit condition with the extension granted for payment commencement. Case-Laws Income Tax Mon, 01 Jul 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=382912