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TMI Blog2020 (4) TMI 168X X X X Extracts X X X X X X X X Extracts X X X X ..... titioner is a primary Agricultural Co-operative Credit Society registered under the provisions of Kerala Cooperative Societies Act and Rules framed thereunder. 2. The first respondent completed the assessment of the income tax pertaining to the following assessment years, which reads as under : Assessment Years Income Assessed Tax demanded 2008-2009 45,23,837 39,61,210 2009-2010 54 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t and in the meantime, coercive steps for recovery of the amount was ordered to be kept in abeyance. 4. Sri.P.C.Sasidharan, the learned counsel appearing on behalf of the petitioner, submits that the Commissioner of Income Tax (Appeals) dismissed the appeals vide order dated 18.2.2020. The aforementioned orders of the Commissioner of Income Tax (Appeals) were communicated to the petitioner on 26t ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ative Society is unable to transact any business or carry out its daily activities. There are about 14 employees on the roll of the Society. The petitioner though have preferred Ext.P8 to Ext.P8(h) appeals before the Income Tax Appellate Tribunal and Ext.P9 to P(h) stay applications dated 16.3.2020, but, in the absence of any interdiction, a very anomalous situation, has arisen in the fair working ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e interest of the revenue. 6. Having heard the learned counsel for the parties and perused the paper book, the grievances as noticed above has some force. The appeals were preferred on 16th March, 2020. Though the period of limitation had not expired, but going through the circumstances resulting into preparation of the demand drafts as noticed above, the working of the Cooperative Society has co ..... X X X X Extracts X X X X X X X X Extracts X X X X
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