Withdrawal of Deposit of Capital Gains Tax for Medical Requirements: Kerala HC directs Expeditious Consideration of Revision Petition, stays Recovery [Read Order]

The court ordered a stay on any coercive action against the petitioner based on the tax demand notice until the revision petition is decided
Withdrawal of Deposit of Capital Gains Tax - Medical Requirements - Kerala HC - Expeditious Consideration - Revision Petition - taxscan

The Kerala High Court has directed the Principal Commissioner of Income Tax ( Kochi ) to expeditiously consider a revision petition filed by Alekutty Oommen, a senior citizen seeking access to deposited capital gains tax for medical needs. The petitioner filed the income tax return for the assessment year 2021-2022, disclosing an income of Rs.10,55,800/-…

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