The Kolazhy Servie Co-Operative Bank Ltd. v. The Commissioner of Income-tax (Appeals) (Appeals), Thrissur / The Income-tax Officer, Ward 2 (2), Thrissur
[Citation -2020-LL-0825-1]
| Citation | 2020-LL-0825-1 |
|---|---|
| Appellant Name | The Kolazhy Servie Co-Operative Bank Ltd. |
| Respondent Name | The Commissioner of Income-tax (Appeals) (Appeals), Thrissur / The Income-tax Officer, Ward 2 (2), Thrissur |
| Court | HIGH COURT OF KERALA AT ERNAKULAM |
| Relevant Act | Income-tax |
| Date of Order | 25/08/2020 |
| Judgment | View Judgment |
| Keyword Tags | demand notice • stay petition • stay of recovery |
| Bot Summary: | No.17685 OF 2020(I) 2 JUDGMENT Against Exts.P1, P5, P9 and P13 assessment orders under the Income Tax Act, the petitioner has preferred Exts.P3, P7, P11 and P15 appeals together with Exts.P4, P8, P12 and P16 stay petitions before the 1st respondent. It is submitted by counsel for the petitioner that the issue involved in the appeals is the permissibility of deduction under Section 80P of the Income Tax Act in its applicability to Co-operative Societies. I have heard the learned counsel appearing for the petitioner and also the learned Standing counsel appearing for the Income Tax Department. Taking note of similar orders issued by this Court, I dispose the Writ petition by directing the 1st respondent to consider and pass orders on Exts.P3, P7, P11 and P15 appeals within an outer time limit of six months from the date of receipt of a copy of this judgment, after hearing the petitioner. Recovery steps for recovery of amounts confirmed against the petitioner by the assessment orders, as also further proceedings WP(C). No.17685 OF 2020(I) 3 pursuant to Exts.P2, P6, P10 and P14 demand notices, shall be kept in abeyance till such time as orders are passed by the 1 st respondent as directed, and the order communicated to the petitioner. The petitioner shall produce a copy of the writ petition together with a copy of this judgment, before the 1st respondent, for further action. |