Payment of Interest can be made in installments: Madras HC

Everyday Banking and Retail Assets Vs Office of the Assistant Commissioner (ST) (Madras High Court) Introduction: The Madras High Court recently addressed the issue of installment payments for tax interest in the case of Everyday Banking and Retail Assets versus the Office of the Assistant Commissioner (ST). In this article, we delve into the background, facts, and the court’s judgment on whether the payment of interest can be made in installments. The Hon’ble Madras High Court in the case of Everyday Banking and Retail Assets v. Office of the Assistant Commissioner (ST) [Writ Petition...