Recovery proceedings deferred till appeal relating to denial of benefits u/s. 80P is finalized

Peroorkada Service Co-Operative Bank Ltd. Vs ITO (Kerala High Court) Kerala High Court held that recovery proceedings by attaching the bank account directed to be deferred till the appeals relating to denial of benefits under section 80P of the Income Tax Act are finalized. Facts- The petitioner has approached this Court, being aggrieved by the fact that the amounts due under the orders of assessment are being sought to be recovered by attaching the bank accounts maintained by the petitioner with the 5th respondent bank. Notably, in most of the cases, demand arises out of the denial of benefit...