Kerala HC Stays Recovery Pending Stay Petition in Income Tax Penalty Case

Oralium Limited Vs ACIT (Kerala High Court)

Oralium Limited, an assessee under the Income Tax Act, challenged a penalty order for the assessment year 2020-21 through an appeal and a stay petition. The petitioner sought to halt recovery proceedings while these matters were pending. The Kerala High Court, after hearing both parties, disposed of the writ petition by directing the 2nd respondent to consider the stay petition and pass appropriate orders within two months of receiving the judgment. Meanwhile, the Court ordered that the recovery proceedings related to the penalty order be

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