2012 (10) TMI 880

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... nt of this Court) in eight equal quarterly installments, the first of such quarterly installment being payable on 2nd January, 2013, and the remaining installments being payable every quarter on the 2nd day of the concerned month (i.e. after expiry of the quarter or three months) and interest of 10% p.a. would be calculated on the reducing balance remaining payable by the appellants to the State G .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... er of interest on the tax amount, but by the impugned judgment, the Division Bench of the High Court held that retention of the tax amount by the appellant was an unauthorized retention of public money and finally dismissed the writ petitions filed by the appellant Company. Aggrieved, the appellants have moved this Court by way of Special Leave Petition under Article 136 of the Constitution of Ind .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... d be liable for interest for the period from April, 2008 onwards on the tax amount, and further observed that the prayer for interim order will be considered on the next date. When the case was taken up by the Court today, we heard the learned senior counsel for the appellants and learned Solicitor General for the respondents at length and considering the peculiar facts and circumstances of the .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X