2016 (7) TMI 602

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..... he Scheme is statutory in nature and unless the provisions in the statute are complied within the time specified, it shall always be open for the respondent authorities to take necessary steps to collect the interest as well as penalty in accordance with law. As far as the prohibitory order is concerned, even if quantification of the interest and penalty, if any, is pending, nothing prevents th .....

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..... not remit the amount as specified under the Scheme within the stipulated time. Petitioner therefore requested for extending the period of the Scheme. The Scheme came to be rejected in terms of Ext.P3. 3. Counter affidavit has been filed on behalf of respondents 1 to 3 inter alia contending that the Scheme had worked out itself and if no payment is made in terms of the Scheme, petitioner will b .....

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..... f. The Scheme is statutory in nature and unless the provisions in the statute are complied within the time specified, it shall always be open for the respondent authorities to take necessary steps to collect the interest as well as penalty in accordance with law. Therefore, the challenge to Ext.P3 is not justified. 6. As far as the prohibitory order is concerned, even if quantification of the i .....

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