Ita/1340/2009 Of Commissioner Of Income Tax, Cochin v. M/S.gosris Hardwares, Cochin

IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE C.N.RAMACHANDRAN NAIR & THE HONOURABLE MR. JUSTICE V.K.MOHANAN TUESDAY, THE 24TH NOVEMBER 2009 / 3RD AGRAHAYANA 1931 ITA.No. 1340 of 2009() ---------------------- ITA.370/2007 of I.T.A.TRIBUNAL,COCHIN BENCH .................... APPELLANT ----------------------------- THE COMMISSIONER OF INCOME TAX, COCHIN. BY ADV. SRI.P.K.R.MENON,SR.COUNSEL, GOI(TAXES) SRI.JOSE JOSEPH, SC, FOR INCOME TAX RESPONDENT(S): --------------- M/S.GOSRIS HARDWARES, KOCHI. ADV. SRI.P.BALAKRISHNAN (E) THIS INCOME TAX APPEAL HAVING BEEN FINALLY HEARD ON 24/11/2009, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: C.N. RAMACHANDRAN NAIR &V.K.MOHANAN, JJ. ---------------------------------------- I.T.A. No.1340 OF 2009 ---------------------------------------- Dated, the 24[th] Day of November, 2009 JUDGMENT Ramachandran Nair, J. The question raised pertains to the addition deleted bythe first appellate authority which was sustained by the Tribunal.Lumpsum addition of Rs.50 lakhs was made based on roughProfit and Loss account prepared and kept by the assessee whichwas on 28.3.2006. However, the Tribunal found that assessewas maintaining full and complete accounts and therefore,addition is without any basis. We do not find any substantialquestion of law arising from the order of the Tribunal.Consequently, the appeal is dismissed. C.N.RAMACHANDRAN NAIR JUDGE V.K.MOHANAN, JUDGE kvm/- V.K.MOHANAN, J. O.P.No. JUDGMENT Dated:..