In a case with High court of Madras, the petitioner was levied with tax liability. The demand raised by the respondent was accepted by the petitioner and the same was also duly paid. However, the petitioner was still liable to pay interest thereon. The counsel appearing for the petitioner submitted that the latter had already paid 25% of the said amount. The petitioner was permitted to remit the balance amount of interest to the respondent in five equal monthly instalments.
Citation:  91 taxmann.com 188 (Madras)