2018 (8) TMI 1740 - HC - Income Tax

Review petition - deficit of the due amount payable for the months of July to September - Held that - We are not inclined to entertain review. However, taking note of the fact that the petitioner stopped quarrying operations, we are of the view that the petitioner shall be permitted to pay the instalments for the months of July to September at the rate of ₹ 10 lakhs. This is taking note of the fact the petitioner had already paid the instalments for the months of May and June. The deficit of the due amount payable for the months of July to September will have to be paid along with other regular instalments within the limit of maximum instalments already granted by this Court. That means the deficit instalment of July to September with equal proportion shall be paid along with the remainder of instalments to be paid by the petitioner. The submission of the appellant that he had paid ₹ 10 lakhs on 25.07.2018 is recorded.

Summary

The High Court of Kerala dismissed the review petition but allowed the petitioner to pay instalments for July to September at the rate of Rs. 10 lakhs, considering that quarrying operations had been stopped. The petitioner had already paid instalments for May and June, and the deficit amount for July to September must be paid along with regular instalments within the limit previously granted by the Court. The review petition was disposed of accordingly.