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<h1>Kerala HC grants relief to Co-operative Bank in Income Tax dispute, directs prompt appeal decision</h1> The Kerala HC ruled in favor of the Co-operative Bank, setting aside the demand for further deposit in an Income Tax assessment dispute for 2009-2010. The ... Pre-deposit - requirement to pay 20% of the demand as precondition - stay petition - Held that:- As Counsel agrees that the petitioner did deposit over 33%. In the light of the Ext.P9 departmental instructions requiring the appellant to pay 20% of the demand as precondition, reckon the Ext.P10 cannot be sustained. Accordingly, set it aside. The appellate authority will decide the petitioner's appeal on merits, expeditiously. The Kerala High Court ruled in favor of the petitioner, a Co-operative Bank, in a dispute regarding Income Tax assessment for the year 2009-2010. The petitioner had already paid 33.8% of the total demand, exceeding the 20% required by departmental instructions. The court set aside the demand for further deposit and instructed the appellate authority to decide the appeal promptly.
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