Home Case Index All Cases Income Tax Income Tax + AT Income Tax - 2012 (11) TMI AT This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2012 (11) TMI 391 - ITAT, AHMEDABADStay filed for monthly remittance - assessee had paid outstanding tax of Rs.3,57,12,514/- against the disputed demand of tax for Rs.10,84,45,192/- and provided security of Rs.7,84,45,192/- - Held that:- The assessee has paid approximately 30% of the outstanding tax and has voluntarily provided security to the revenue as per the requirement of Schedule II Rule 34 of the Act As it appears that the issues involved in the appeals are complicated and requires substantial deliberations in the interest of justice and to avoid hardships to the assessee the monthly installments required to be paid of Rs.50,00,000/- is to be reduced to Rs.15,00,000/- to be paid before the end of every month starting from 12th of October, 2012 - partly in favour of assessee.
|