Failure to Pay Admitted Income Tax amount Due to Financial Crisis: Madras HC Directs Installment Payments [Read Order]
The Madras High Court granted opportunity to the petitioner to pay the balance tax of Rs. 28,76,662 in six equated monthly installments, citing financial difficulties
The Madras High Court has directed the Commissioner of Income Tax (Appeals) to entertain an appeal filed by the petitioner subject to the payment of the balance admitted Income tax amount of Rs. 28,76,662 in six equated monthly installments citing financial constraints. Jayar Enterprises (petitioner) represented by its partner Janardhan Rao, filed a writ petition…
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