Kerala HC Stays Income Tax Recovery Proceedings Pending Appellate Review

Palode Service Co-Operative Bank Ltd Vs Central Board of Direct Taxes (Kerala High Court) The Kerala High Court stayed income tax recovery proceedings against a Primary Agricultural Credit Society, citing a pending appeal where the core tax issue is allegedly covered by the Supreme Court’s Mavilayi Service Co-Operative Bank judgment. Kerala High Court Orders Stay on Income Tax Recovery The Kerala High Court has directed the Income Tax Department to keep recovery proceedings in abeyance against a Primary Agricultural Credit Society until its appeal before the Commissioner of Income Tax (...