An erroneous assessment ignoring binding SC judgments warrants rectification

Poonjar Service Co-Operative Bank Ltd. Vs ITO (Kerala High Court)

In the case of Poonjar Service Co-Operative Bank Ltd. vs. ITO, the Kerala High Court dealt with a challenge against an assessment order for the year 2018-19 under Article 226 of the Constitution of India. The petitioner, claiming to be a Primary Agricultural Credit Society, contested the assessment order on the grounds that it disregarded a binding judgment of the Supreme Court in Mavilayi Service Co-operative Bank Ltd. vs. Commissioner of Income Tax, Calicut.

The crux of the petitioner’

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