https://www.taxtmi.com/caselaws?id=386991 Compliance with a statutory payment deadline was treated as capable of relaxation where the assessee was prevented by circumstances beyond its control from making timely deposit under the scheme. The Court read the scheme provision as not creating an inflexible bar that would automatically invalidate the declaration for delayed payment, and applied the principle that a party should not suffer civil consequences for no fault of its own. On the facts, external restraints affected the source of funds, and the request was limited to payment of the tax amount with applicable interest within an extended period. Conditional relief was granted, and the authorities were directed to accept payment in satisfaction of the certificates if made within the stipulated time. en-us Mon, 07 Oct 2019 00:00:00 +0530 Mon, 14 Oct 2019 11:32:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=386991 Compliance with a statutory payment deadline was treated as capable of relaxation where the assessee was prevented by circumstances beyond its control from making timely deposit under the scheme. The Court read the scheme provision as not creating an inflexible bar that would automatically invalidate the declaration for delayed payment, and applied the principle that a party should not suffer civil consequences for no fault of its own. On the facts, external restraints affected the source of funds, and the request was limited to payment of the tax amount with applicable interest within an extended period. Conditional relief was granted, and the authorities were directed to accept payment in satisfaction of the certificates if made within the stipulated time. Case-Laws Income Tax Mon, 07 Oct 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=386991