C.n. Ramachandran Nair, J v. Ravindranathan Nair (295 Itr 228

IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE C.N.RAMACHANDRAN NAIR & THE HONOURABLE MR. JUSTICE T.R.RAMACHANDRAN NAIR MONDAY, THE 24TH MARCH 2008 / 4TH CHAITHRA 1930 ITA.No. 298 of 2002() --------------------- AGAINST THE ORDER IN COCH. IN ITA.150/1998 of I.T.A.TRIBUNAL,COCHIN BENCH .................... APPELLANT/APPELLANT: ------------------------------------- THE COMMISSIONER OF INCOME TAX, THIRUVANANTHAPURAM. BY ADV. SRI.GEORGE K. GEORGE, SC FOR IT RESPONDENTS: RESPONDENT: ------------------------ SMT. K. MONY, RAJAN CASHEW CO., EZHUKONE. BY ADV. SRI.K.G.ANIL BABU THIS INCOME TAX APPEAL HAVING BEEN FINALLY HEARD ON 24/3/2008 ALONG WITH ITA NO. 326 OF 2002 THE COURT ON 24/03/2008 DELIVERED THE FOLLOWING: C.N. Ramachandran Nair &T.R. Ramachandran Nair, JJ. - - - - - - - - - - - - - - - - - - - - - - - - I.T.A.Nos.298 & 326 of 2002 - - - - -- - - - - - - - - - - - - - - - - - - - - Dated this the 24th day of March, 2008. JUDGMENT C.N. Ramachandran Nair, J. The question raised is whether the processing charges form part oftotal turnover in the computation of relief under Section 80HHC(3) of theIncome Tax Act. The issue stands decided against the assessee videdecision of the Supreme Court in Commissioner of Income Tax v.Ravindranathan Nair (295 ITR 228). We, therefore, allow the appeal filed by the Revenue following thedecision of the Supreme Court referred to above, by reversing the order ofthe appellate authority and restoring the assessment order. (C.N. Ramachandran Nair, Judge.) (T.R. Ramachandran Nair, Judge.) kav/ -2- C.N. Ramachandran Nair &T.R. Ramachandran Nair, JJ.T.R. Ramachandran Nair, JJ. - - - - - - - - - - - - - - - - - - - - - -I.T.A.Nos.298 & 326 of 2002 - - - - - - - - - - - - - - - - - - - - - - JUDGMENT 17[th] March, 2008.