Ita/1085/2009 Of The Commissioner Of Income Tax v. Mace Alimini

IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE C.N.RAMACHANDRAN NAIR & THE HONOURABLE MR. JUSTICE V.K.MOHANAN WEDNESDAY, THE 2ND DECEMBER 2009 / 11TH AGRAHAYANA 1931 ITA.No. 1085 of 2009() ---------------------- ITA.137/COCH/2004 of I.T.A.TRIBUNAL,COCHIN BENCH .................... APPELLANT/APPELLANT --------------------------------------- THE COMMISSIONER OF INCOME TAX,COCHIN. BY ADV. SRI.JOSE JOSEPH, SC, FOR INCOME TAX RESPONDENT(S): RESPONDENT ------------------------- MACE ALUMINI WELFARE SOCIETY, C/O.UNIDEC FOUNDATION (P) LTD., FATHIMA CHURCH ROAD,ERNAKULAM. ADV. SRI.T.M.SREEDHARAN SMT.C.K.SHERIN SRI.V.P.NARAYANAN THIS INCOME TAX APPEAL HAVING BEEN FINALLY HEARD ON 02/12/2009,THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: C.N.RAMACHANDRAN NAIR &V.K.MOHANAN, JJ. ....................................................................I.T. Appeal No.1085 of 2009 ....................................................................Dated this the 2nd day of December, 2009. JUDGMENT Ramachandran Nair, J. Heard Standing Counsel appearing for the appellant and Adv. Sri.T.M.Sreedharan appearing for the respondent. After hearing bothsides and after going through Tribunal's order, we do not find any meritin the department's case because the land involved is purchased by theWelfare Society of a college for allotment among the members forsetting up houses. The assessment is basically on account of increasein value of the land in the course of time which at the maximumconstitute notional income. We do not find any substantial question oflaw arising from the order of the Tribunal. Consequently we dismissthe appeal. C.N.RAMACHANDRAN NAIRJudge V.K.MOHANANJudge