Everyday Banking and Retail Assets Vs Office of Assistant Commissioner (ST)
Date: January 2, 2024
Subject Matter
Petitioner to pay the interest demanded in the caution notice in three equal monthly installments
Summary
The case involves Everyday Banking and Retail Assets versus the Office of the Assistant Commissioner (ST) where the petitioner was issued a caution notice to pay interest in respect of four assessment years. The petitioner had paid all tax dues but required time to pay interest due to the impact of the COVID-19 pandemic on their business. The Madras High Court directed the petitioner to pay the amounts demanded in the caution notice in three equal monthly installments, considering the circumstances. The writ petition was disposed of with this directive.
FULL TEXT OF THE JUDGMENT/ORDER OF MADRAS HIGH COURT
By this writ petition, the petitioner challenges a caution notice by which the petitioner was called upon to pay interest in respect of four assessment years.
2. The petitioner asserts that all tax dues were settled by the petitioner and that the petitioner requires time to pay interest since the petitioner’s business was affected during the Covid-19 pandemic period. Learned counsel for the petitioner has placed before me an earlier order passed in respect of the petitioner by this Court.
3. Mrs. E. Renganayaki, learned Additional Government Pleader, accepts notice on behalf of the respondents and submits that the petitioner may be directed to make interest payment expeditiously.
4. Upon considering the above submissions and by taking note of the earlier order of this Court, this writ petition is disposed of by directing the petitioner to pay the amounts demanded in the caution notice in three equal monthly installments. The first installment shall be paid on or before 31.01.2024, the second installment shall be paid on or before 29.02.2024 and the last installment shall be paid on or before 28.03.2024. It is clarified that it will be open to the respondent to take action in accordance with law in the event of default by the petitioner in making payments as per the above schedule. No costs. Consequently, W.M.P.Nos.35347 and 35348 of 2023 are closed.