Kerala HC Halts Coercive Recovery Measures, Orders Swift Appeal Resolution for Co-operative Bank, Prevents Undue Financial Hardship [Read Order]

Kerala High Court - Cooperative Bank - Cooperative Bank cases - Coercive recovery measures - taxscan

The Kerala High Court has ordered an immediate halt to coercive recovery measures by the income tax authorities against the Pallickal Naduvilemuri Service Co-operative Bank Ltd. The ruling comes as a relief to the petitioner bank, situated in the Alappuzha district of Kerala, which had challenged the assessment and demand notices issued by income tax…

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