The Kerala High Court vide its judgment dated 18th day of June, 2025 in W.P.(C.) No. 15933 of 2022 quashed Income Tax proceedings initiated under Section 148 on cancelled PAN against Keerampara Service Co-operative Bank Ltd.
Keerampara Service Co-operative Bank Ltd.is a co-operative society engaged in the business of providing credit services to its members. As per Rule 15 of the Kerala Co-operative Societies Rules, the petitioner has been classified as a Primary Agricultural Credit Co-operative Society. According to the society, they are entitled to exemption under Section 80P of the Income Tax Act, subject to compliance with the conditions applicable therein.
The PAN originally issued to the society had the status as a company and not as a cooperative society. As a consequence of the same, the petitioner was unable to claim exemption under Section 80P of the Income Tax Act, which the petitioner was otherwise eligible for. So, the society applied for and got allotted new PAN after cancelling the old PAN. However the notices and proceedings were issued by solely referring to the PAN card, which stood cancelled as of the date of the search notices/proceedings. Hnece, the petitioner could not effectively contest the matter, and they were also prevented from pursuing the appellate remedy. In these circumstances, the writ petition was submitted by the petitioner to quash Assessment Order and Demand Notice issued under Section 156 of the Income Tax Act, 1961.
The High Court considering the denial of a proper opportunity to contest the income tax proceeding’s effectively allowed the petition and directed the department to issue fresh notice to the assesse.
Hi there, all is going sound here and ofcourse every one is sharing data, that’s in fact good, keep up writing.
Just desire to say your article is as surprising.
The clearness in your post is simply spectacular and i could assume you are an expert on this subject.
Well with your permission let me to grab your feed to keep up to date
with forthcoming post. Thanks a million and please keep up the
enjoyable work.
Howdy! Do you know if they make any plugins to safeguard against hackers?
I’m kinda paranoid about losing everything I’ve worked hard on. Any
tips?
I loved as much as you’ll receive carried out right here.
The sketch is tasteful, your authored material stylish.
nonetheless, you command get got an nervousness over
that you wish be delivering the following. unwell unquestionably come more
formerly again as exactly the same nearly a lot often inside case
you shield this hike.
Everyone loves what you guys are up too. Such clever work and reporting!
Keep up the very good works guys I’ve added you guys to blogroll.
Do you mind if I quote a few of your articles as long as I
provide credit and sources back to your webpage? My blog site is in the very same niche as yours and my visitors
would truly benefit from a lot of the information you provide here.
Please let me know if this okay with you. Cheers!
Somebody necessarily help to make severely articles I might state.
This is the very first time I frequented your web page and to this
point? I surprised with the analysis you made to create this particular post amazing.
Wonderful process!
When someone writes an post he/she keeps the image of
a user in his/her mind that how a user can be aware of it.
Therefore that’s why this piece of writing is great.
Thanks!
I’m not sure where you are getting your information, but great topic.
I must spend some time learning much more or
figuring out more. Thank you for wonderful
information I used to be on the lookout for this info for my mission.
Hi there! I realize this is kind of off-topic but I needed
to ask. Does operating a well-established website like yours require a massive amount work?
I am completely new to writing a blog however I do write in my diary on a
daily basis. I’d like to start a blog so I will be able
to share my personal experience and thoughts online.
Please let me know if you have any recommendations or tips
for brand new aspiring bloggers. Appreciate it!
For most up-to-date information you have to go to see web and
on web I found this web site as a best web site for hottest updates.
Hello there, just became aware of your blog through Google, and found that it’s truly informative.
I am going to watch out for brussels. I’ll appreciate if you continue this in future.
A lot of people will be benefited from your writing. Cheers!
Hi there it’s me, I am also visiting this website on a regular basis, this website is in fact good and the viewers are in fact
sharing pleasant thoughts.
I really like it when people get together and share views.
Great website, continue the good work!
Hi would you mind letting me know which hosting company you’re utilizing?
I’ve loaded your blog in 3 different internet browsers and I must say this blog loads a lot faster then most.
Can you recommend a good internet hosting provider at
a honest price? Kudos, I appreciate it!
Nice post. I learn something new and challenging on sites
I stumbleupon everyday. It will always be exciting to read
through content from other writers and practice something
from other web sites.
I don’t even know how I ended up here, but
I thought this post was great. I do not know who you are but certainly you’re going
to a famous blogger if you are not already 😉 Cheers!
Thanks a lot for sharing this with all people you really know what you’re
speaking approximately! Bookmarked. Please additionally seek advice from my site =).
We may have a link change arrangement between us
Hey There. I found your blog the use of msn. This is a really neatly written article.
I’ll make sure to bookmark it and return to read more of your useful information. Thank you for the post.
I will definitely return.
Hello, I check your blog on a regular basis. Your humoristic style is
awesome, keep up the good work!
A fascinating discussion is definitely worth comment.
I think that you need to publish more about this subject, it may not be a taboo
subject but usually people do not talk about such topics.
To the next! Kind regards!!
Hi there to all, it’s genuinely a nice for me to go to
see this web site, it includes important Information.