The Valluvally Service Co-Operative Bank Limited v. The Income-tax Officer, Ward 3, Aluva / The Commissioner of Income-tax (Appeals), Kochi
[Citation -2020-LL-0729-3]
| Citation | 2020-LL-0729-3 |
|---|---|
| Appellant Name | The Valluvally Service Co-Operative Bank Limited |
| Respondent Name | The Income-tax Officer, Ward 3, Aluva / The Commissioner of Income-tax (Appeals), Kochi |
| Court | HIGH COURT OF KERALA AT ERNAKULAM |
| Relevant Act | Income-tax |
| Date of Order | 29/07/2020 |
| Assessment Year | 2012-13, 2013-14, 2014-15 |
| Judgment | View Judgment |
| Keyword Tags | time limit • stay of recovery |
| Bot Summary: | No.15495 OF 2020 2 JUDGMENT Against Ext.P1 series of assessment orders under the Income Tax Act, the petitioner has preferred Ext.P2 series of appeals before the 2nd respondent. It is the case of the petitioner that the issue involved in the appeal is the permissibility of the deduction under Section 80 P of the Income Tax Act in its application to the Co-operative Societies. I have heard the learned counsel appearing for the petitioner and also the learned Standing counsel appearing for the respondents. On a consideration of the facts and circumstances of the case as also the submissions made across the Bar and taking note of the fact that in similar matters, this Court has directed the Appellate Authority to consider and pass orders in the appeal and stayed the recovery of disputed amounts pending disposal of the appeal, this Writ petition is disposed directing the 2nd respondent to consider and pass orders on Ext.P2 series of appeals within an outer time limit of six months. Recovery steps for recovery of amounts confirmed against the petitioner by Exts.P1 series of assessment orders shall be kept in abeyance till such time as orders are passed by the 2nd respondent as directed above and communicated to the petitioner. The petitioner shall produce a copy of the writ petition together with a copy of this judgment, before the 2 nd respondent, for further action. |