2011 (4) TMI 24 - HC - Income Tax

Arrears 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

Summary

Issues: Arrears of income tax payment, installment plan for payment

Arrears of Income Tax Payment:
The judgment addresses the issue of arrears of income tax payment by the petitioner to the first respondent. The petitioner had already paid Rs.1 lakh out of the total amount due, which was Rs.6,46,410. The counsel for the first respondent requested the court to direct the petitioner to pay another Rs.1 lakh within 15 days and the remaining balance of Rs.4,46,410 in four equal monthly installments. The court accepted this request and directed the petitioner to make the payment as specified. It was ordered that upon payment of the initial Rs.1 lakh, the attachment of the petitioner's bank accounts in respondent banks would be lifted. Failure to comply with the installment plan could result in the first respondent taking legal action against the petitioner.

Installment Plan for Payment:
The judgment outlines a specific installment plan for the payment of the arrears of income tax by the petitioner. The petitioner was directed to pay Rs.1 lakh within 15 days from the judgment date and the remaining Rs.4,46,410 in four equal monthly installments, with each installment due on or before the 15th of every succeeding month. The court emphasized that failure to adhere to this payment schedule would empower the first respondent to take appropriate legal action against the petitioner. The judgment concluded by ordering the writ petitions in accordance with the specified payment terms, with no additional costs incurred and closing all connected miscellaneous petitions.

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