Income Tax Refund Adjustment Stayed Pending Rectification & Appeal Disposal: Kerala HC

Attakkalari Public Charitable Trust of Contemporary Performing Arts Vs ITO (Exemption) (Kerala High Court) The Kerala High Court considered a writ petition filed by a public charitable trust challenging proceedings initiated through a notice proposing adjustment of its income tax refund for Assessment Year (AY) 2025-26 towards outstanding demands relating to AYs 2014-15 and 2018-19. The petitioner contended that, for AY 2014-15, an appeal had already been filed before the First Appellate Authority and was pending. It also submitted that 15% of the disputed demand had already been remitted and,...