Commissioner Of Income Tax v. C.n.ramachandran Nairjudge

IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT: THE HONOURABLE MR.JUSTICE C.N.RAMACHANDRAN NAIR & THE HONOURABLE MR.JUSTICE C.K.ABDUL REHIM WEDNESDAY, THE 5TH DAY OF SEPTEMBER 2012/14TH BHADRA 1934 RP.No. 216 of 2012 () IN ITA/706/2009 --------------------------------------AGAINST THE JUDGMENT IN ITA.706/2009 DATED 29-07-2009 REVIEW PETITIONER/RESPONDENT:-------------------- VYAPARAVIJAYAM HIRE PURCHASE PVT LTD., RICE BAZAR, TRICHUR. BY ADVS.SRI.N.SUKUMARAN (SR.) SRI.KURUVILLA JOHN RESPONDENT/APPELLANT: -------------- THE COMMISSIONER OF INCOME TAX TRICHUR-680 001. BY SRI.P.K.R.MENON(SR.), SC FOR INCOME TAX SRI.JOSE JOSEPH, SC, FOR INCOME TAX THIS REVIEW PETITION HAVING BEEN FINALLY HEARD ALONG WITH R.P.NO.320/2012 & CONN. CASES ON 05-09-2012, THE COURT ON THE SAME DAYPASSED THE FOLLOWING: C.N.RAMACHANDRAN NAIR, &C.K.ABDUL REHIM, JJ. .................................................................... R.P. No.216/2012 in I.T.A. No.706/2012, R.P. No.320/2012 in I.T.A. No.287/2009,R.P. No.333/2012 in I.T.A. No.426/2009,R.P. No.350/2012 in I.T.A. No.398/2009,R.P. No.354/2012 in I.T.A. No.266/2009, R.P. No.355/2012 in I.T.A. No.1463/2009,R.P. No.356/2012 in I.T.A. No.544/2009 &R.P. No.406/2012 in I.T.A. No.163/2009 .................................................................... Dated this the 5[th] day of September, 2012. ORDER Ramachandran Nair, J. Heard Senior counsel Sri.N.Sukumaran appearing for theappellant and Senior counsel Sri.P.K.R.Meon appearing for therespondent. Even though Review Petitions are filed with inordinatedelay, considering the fact that we have disposed of the appealsfollowing judgment in KSFE's case (220 CTR 286) which is subjectmatter of SLP pending before the Supreme Court, we feel relief shouldbe granted to the review petitioners, if Supreme Court reverses thejudgment in KSFE's case relied on by us, in favour of the assessees.We, therefore, condone the delay in filing Review Petitions and disposeof the Review Petitions by modifying judgment as follows: R.P. 216/2012 & conn. If Supreme court reverses the judgment of this court in COMMISSIONER OF INCOME TAX Vs. KERALA STATEFINANCIAL ENTERPRISE & OTHERS reported in (2008) 220 CTR286, then there will be direction to the Assessing Officer to revise theassessments based on decision of the Supreme Court with requiredmodifications applicable to the assessee after hearing the assessee. C.N.RAMACHANDRAN NAIRJudge C.K.ABDUL REHIMJudge pms