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of <h1>High Court overturns deposit order, cites lack of discretion. Revisional authority to decide in 16 weeks, penalty collection on hold.</h1> <h3>Khan Trading Co. Versus Deputy Commissioner, Agrl. Income-tax and Sales Tax and Others</h3> The High Court of Kerala set aside the order directing the petitioner to deposit 60% of the penalty amount, stating that the authority did not properly ... - The High Court of Kerala set aside the order directing the petitioner to deposit 60% of the penalty amount, stating that the authority did not properly exercise discretion. The revisional authority must dispose of the petition within 16 weeks with a stay on penalty collection until then.
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