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TMI Blog2013 (12) TMI 1205X X X X Extracts X X X X X X X X Extracts X X X X ..... titioner to clear the entire outstanding amounts in three monthly instalments - Decided in favour of petitioner. - Writ Petition No. 27469 of 2013 - - - Dated:- 30-9-2013 - G Rohini And A Ramalingeswara Rao, JJ. JUDGEMENT PER : G Rohini The petitioner filed his return for the Assessment Year 2010-11 claiming exemption under Section 11 of the Income Tax Act, 1961 (for short "The Act" ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... st 2013 a request was made to grant exemption since the time left to mobilize the funds was very short. Even thereafter the petitioner paid Rs.2 Crores and another sum of Rs.5 Crores for the month of September by 05.09.2013. In spite of the same the 2 nd respondent by letter dated 10.09.2013 directed the petitioner to pay the entire demand not only for the years 2008-09 and 2009-10 but also for th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... enior Counsel has placed before this Court the details of payments that were already made by the petitioner and submitted that the petitioner is ready and willing to pay the outstanding amount in monthly instalments of Rs.1 Crore each. In the counter-affidavit filed by the respondent it is stated that the petitioner has cleared Rs.6,96,68,760/, and the balance pending is Rs.6,96,68,760/. So far ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ts and circumstances of the case, we are also not inclined to accept the petitioner's request to grant instalments @ Rs.1 Crore per month. However, having regard to the plea that the petitioner is facing serious financial hardship, we consider it appropriate to permit the petitioner to clear the entire outstanding amounts in three monthly instalments as under: 1) The first instalment of Rs. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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