Kerala HC declines Tax Refund, Orders expedited disposal of Pending appeals by ITAT

Kadavalloor Service Co-Operative Bank Ltd. Vs ITO (Kerala High Court) Introduction: In the case of Kadavalloor Service Co-Operative Bank Ltd. vs. ITO, the Kerala High Court addressed writ petitions filed by an Agricultural Credit Co-operative Society under Article 226 of the Constitution of India. The petitions challenged assessment orders and the initiation of penalty proceedings by the Income Tax Department. The court’s decision and order are presented below. Assessment Orders: The petitioner, an Agricultural Credit Co-operative Society, had received assessment orders under Section 144...