Financial Crisis: Madras HC allows payment of admitted Income Tax in Installment

Jayar Enterprises Vs CIT (Madras High Court) Madras High Court has intervened in a tax dispute involving Jayar Enterprises, directing the Income Tax department to accept the outstanding admitted tax amount in six equated monthly installments. The ruling came after the enterprise challenged an order dated December 13, 2024, which had rejected its appeal due to the non-payment of the full admitted tax. Jayar Enterprises approached the High Court seeking to set aside the rejection order and to be permitted to pay the balance tax amount of Rs. 28,76,662/- in installments. The petitioner’s co...