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2011 (4) TMI 24 - HC - Income TaxArrears of income tax - The petitioner is directed to pay a sum of Rs.1 Lakh to the first respondent, within a period of 15 days from today - On such payment being made, the attachment of the bank accounts of the petitioner in the respondent banks, shall stand raised - The petitioner shall pay the balance amount of Rs.4,46,410/-, in four equal monthly installments, on or before the 15th of every succeeding month - If the petitioner fails to pay the installments, as directed by this Court, it would be open to the first respondent to initiate appropriate action against the petitioner, in the manner known to law - Hence,the writ petitions are ordered accordingly
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