Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 2020 (8) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
2020 (8) TMI 473 - TELANGANA HIGH COURTStay petition - Recovery proceedings - HELD THAT:- Keeping in mind the fact that only 20% of the tax demanded was asked to be paid by 1st respondent as a condition for not enforcing the entire demanded amount as mentioned in the assessment order, we do not wish to interfere with the quantum of tax to be deposited i.e., 20% disputed tax as fixed by 1st respondent in the assessment order. We are inclined to grant to petitioner four (04) more weeks’ time to comply with the payment of 20% of the tax demanded as per the order of the 1st respondent. Writ Petition is disposed of directing petitioner shall pay to respondents on or before 31.03.2020 a sum of ₹ 60 lakhs; and the balance shall be paid in three (03) equal monthly installments on or before 30.06.2020 and in default of payment of any of these amounts, this order shall stand vacated.
|