809/CBDT.

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....ce that undisputed taxes amounting to several lakhs of rupees had remained unpaid by a group of assessees in spite of the fact that the group owned a number of immovable properties of substantial value far exceeding the amount of tax arrears. They also felt perturbed on finding that the defaulters were able to postpone the payment for several years and in some cases for seven years or more by maki....

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....mitments made by the assessee with regard to the payment of arrears due from them are not kept, coercive measures should be adopted to realise the arrears. According to the provisions of sub-section (5) of section 220, in cases where payment by instalments is allowed under sub-section (3), the assessee commits default in paying any one of the instalments within the time fixed under that sub-sect, ....