2019 (10) TMI 554

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....N NAMBIAR, J. For The Petitioner : ADVS. SRI. HARISANKAR V. MENON, SMT. MEERA V. MENON AND SMT. K. KRISHNA For The Respondents : ADV. SRI.P.K.RAVINDRANATHA MENON (SR.), SRI.JOSE JOSEPH, SC, FOR INCOME TAX, ADV. SRI.GEORGE THOMAS (MEVADA)(SR.), SRI.AMAL GEORGE, SC, SBI AND SRI.M.SASINDRAN, SC, PALAKKAD DIST.CO.OP.BANK JUDGMENT The petitioner has approached this Court aggrieved by the ac....

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....only Rs. 6,14,860/- leaving a balance of Rs. 2,32,418/- as defaulted. Similarly, for the assessment year 2012-2013 by an order dated 11.01.2018 passed by the Assessing Authority, in an application under Section 220(2) of the Income Tax Act, the petitioner was required to pay an amount of Rs. 12,98,710/- within six months from the date of the order. As against this, the petitioner paid an amount of....

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....t of Rs. 8,54,509/-. It would normally follow, as a consequence, that on the default committed by the petitioner, he would lose the benefit of the stay order granted by the authority and the entire confirmed tax demand would become payable to the Department. I note however, that the petitioner had approached this Court through W.P (C) No.10147 of 2019 and this Court had disposed the Writ Petition ....

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....ppropriate to dispose the Writ Petition with the following directions: i. If the petitioner pays an amount of Rs. 15,00,000/- in lieu of the balance Rs. 8,54,509/- that he was required to pay out of the amounts ordered by the Assessing Authority/Appellate Authority, as condition for the grant of stay of recovery of balance amount confirmed against him by the assessment orders, then the re....