2012 (4) TMI 489 - HC - Income Tax

Recovery of duty - Petition to defer recovery proceedings initiated during pendency of appeal against the order and stay petition - Held that - 2nd respondent is directed to decide on stay petition within a period of one month. Meanwhile further proceedings for recovering the amount due under said orders will be kept in abeyance.

Summary

The High Court of Kerala directed the Deputy Commissioner of Income-tax to decide on a stay petition within one month. Coercive action mentioned in notice demanding payment of Rs.29.60 lakhs will be on hold until the stay petition is resolved. Petitioner instructed to provide a copy of the judgment to the Deputy Commissioner for compliance.