Ita/151/2014 Of Commissioner Of Income Tax, Kottayam v. Midas Polymer Compounds Pvt.ltd

IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT: THE HONOURABLE MR.JUSTICE ANTONY DOMINIC &THE HONOURABLE MR. JUSTICE DAMA SESHADRI NAIDU MONDAY, THE 11TH DAY OF AUGUST 2014/20TH SRAVANA, 1936 ITA.No. 151 of 2014 () ----------------------- AGAINST THE ORDER IN ITA 665/2013 of I.T.A.TRIBUNAL,COCHIN BENCH DATED 17-01-2014 APPELLANT(S)/APPELLANT/RESPONDENT/REVENUE: ---------------------------------------------------------------- COMMISSIONER OF INCOME TAX, KOTTAYAM BY ADVS.SRI.P.K.R.MENON,SR.COUNSEL, GOI(TAXES) SRI.JOSE JOSEPH, SC, FOR INCOME TAX RESPONDENT(S)/RESPONDENT/APPELLANT/ASSESSEE: ---------------------------------------------------- M/S. MIDAS POLYMER COMPOUNDS PVT.LTD. MIDAS MARKETING BUILDING, MARIATHURUTHU P O KOTTAYAM-686027 THIS INCOME TAX APPEAL HAVING COME UP FOR ADMISSION ON11-08-2014, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: ANTONY DOMINIC & DAMA SESHADRI NAIDU, JJ. ----------------------------------- I.T.A.No.151 of 2014 ----------------------------------- Dated this the 11[th] day of August, 2014JUDGMENT Antony Dominic, J. The issue raised in this appeal is regarding theliability to pay income tax on the income earned bythe assessee by way of 'mixing charges', pertainingto the assessment year 2008-09. The very samequestion, whether the assessee is entitled todeduction in respect of the aforesaid income undersection 80IB pertaining to the assessment year 2003-04, has already been decided by a Full Bench of thisCourt in ITA.84/09. In such circumstances, the issuecanvassed by the department in this appeal standsfully covered in favour of the assessee. Therefore,this appeal does not merit admission. It isdismissed. Sd/- ANTONY DOMINIC, Judge. Sd/- DAMA SESHADRI NAIDU, Judge./TRUE COPY/ kkb. PS TO JUDGE