Income Tax Dept Direction to Remit 30% Pre deposit on Stay of Recovery Petition: Kerala HC Directs to stay Proceedings Unconditionally [Read Order]

The Court modified the impugned judgment of the Single Judge to the limited extent of clarifying that pending disposal of the stay petition as directed by the Single Judge, the recovery proceedings against the appellant, for recovery of the amounts referred to demand notices shall be kept in abeyance unconditionally
Income tax Kerala - High Court - income tax department - Pre deposit - Recovery petition - TAXSCAN

In a recent case, the Kerala High Court directed to keep income tax recovery proceedings in abeyance unconditionally. The Court found that the income tax department issued a direction to remit 30% tax as a condition for a stay petition. Kerala State Co-Operative Bank Ltd, the appellant had preferred the writ petition impugning demand notices…

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