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TMI Blog2021 (7) TMI 1105X X X X Extracts X X X X X X X X Extracts X X X X ..... P denied - Assessing Officer has communicated to the petitioners that the petitioners should pay 20% of the demand and then apply for stay of demand -HELD THAT:- In the matter of Mavilayi Service Co-operative Bank Ltd.[ 2019 (3) TMI 1580 - KERALA HIGH COURT] the question regarding liability of the co-operative societies to pay the income tax assess was decided. The Division Bench of this Court r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ously and till then the respondents are directed to keep the recovery proceedings pursuant to the assessment order in abeyance. - WP (C) Nos. 8610 of 2021 (A), 8642 of 2021 (E) and 8652 of 2021 (F) - - - Dated:- 31-3-2021 - A. M. Badar , J. For the Appellant : C.A. Jojo, Adv. For the Respondents : Christopher Abraham, SC JUDGMENT Heard the learned counsel appearing for the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rary to the judgment by the Hon'ble Supreme Court in the matter of Mavilayi Service Co-operative Bank Ltd. v. Commissioner of Income Tax, Calicut, reported in [2019(2) KHC 287]. It is further argued that this Court in a series of judgments has quashed such action on the part of the respondents. 3. The learned Standing Counsel takes notice for respondents and argues that the petitioners can ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ssioner of the Income Tax should consider and dispose of the statutory appeals filed by the appellant co-operative societies at the earliest taking note of Full Bench decision in the matter of Mavilayi Service Co-operative Bank Ltd. and till then the recovery and collection of taxes should be kept in abeyance. Similar is the judgment of the learned Single Judge in W.P.(C) No. 5234/2020, the Electr ..... X X X X Extracts X X X X X X X X Extracts X X X X
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