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<h1>Supreme Court Grants Leave, Condoned Delay, Issues Notice on Stay Prayer</h1> <h3>THE MAVILAYI SERVICE COOPERATIVE BANK LTD. & ORS. Versus COMMISSIONER OF INCOME TAX CALICUT & ANR.</h3> THE MAVILAYI SERVICE COOPERATIVE BANK LTD. & ORS. Versus COMMISSIONER OF INCOME TAX CALICUT & ANR. - TMI The Supreme Court condoned delay, granted leave, and issued notice on the prayer for stay in the case. Justices Rohinton Fali Nariman and Surya Kant presided over the judgment.