Ita/167/2010 Of The Commissioner Of Income Tax,Cochin v. Abad Exim Pvt.ltd. Cochin

IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT: THE HONOURABLE MR.JUSTICE K.VINOD CHANDRAN& THE HONOURABLE MR. JUSTICE ASHOK MENON TUESDAY, THE 7TH DAY OF AUGUST 2018 / 16TH SRAVANA, 1940 I.T.A.No.167 of 2010 ---------------------------- AGAINST THE ORDER IN I.T.A.NO.476/COCH/2005 DATED 30-10-2009OF THE INCOME TAX APPELLATE TRIBUNAL, COCHIN BENCH, COCHIN ---------- APPELLANT(S)/ APPELLANT:- --------------------------------------------- THE COMMISSIONER OF INCOME TAX, COCHIN. BY SENIOR COUNSEL FOR GOVERNMENT OF INDIA (TAXES) SRI.P.K.R.MENON, BY STANDING COUNSEL FOR GOVERNMENT OF INDIA (TAXES) SRI.JOSE JOSEPH. RESPONDENT(S)/ RESPONDENT:- -------------------------------------------------- ABAD EXIM (P) LTD., ABAD BUILDING, KOCHI-2. BY ADVS. SRI.E.K.NANDAKUMAR SRI.P.BENNY THOMAS SRI.P.GOPINATH SRI.K.JOHN MATHAI THIS INCOME TAX APPEAL HAVING BEEN FINALLY HEARD ON 07-08-2018,THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING:- I.T.A.NO.167 OF 2010 APPENDIX APPELLANT'S ANNEXURES:- ------------------------------------------- ANNEXURE 'A'COPY OF ASSESSMENT ORDER 143(3) R.W.S.147 DATED 23.03.2001 FOR THE ASSESSMENT YEAR 1995-96. ANNEXURE 'B'COPY OF THE ORDER DATED 30.11.2004 OF THE COMMISSIONER OF INCOME TAX (APPEALS). ANNEXURE 'C'COPY OF THE ORDER DATED 30.10.2009 OF THE INCOME TAX APPELLATE TRIBUNAL, COCHIN BENCH, I.T.A.NO.476/COCH/2005. ANNEXURE 'D'COPY OF THE PAGE OF COMPUTATION OF INCOME U/S.29TO 43C OF THE ACT. RESPONDENTS' ANNEXURES:- ---------------------------------------------- NIL. vku/-[ true copy ] K. Vinod Chandran &Ashok Menon, JJ. ---------------------------------------- I.T.A.No.167 of 2010 --------------------------------------- Dated, this the 07[th] day of August, 2018 JUDGMENT The question arising in the above appeal is as to: “whether for claiming the benefit under Section 10Athere should be a specific declaration made by theassessee for entitling the assessee to such benefit asavailable under Section 10A?” 2. The Tribunal found that the declaration contemplated under sub-section (8) of Section 10A is for opting out of the scheme under Section 10A and not for inclusion. Admittedly therewas no positive action by the assessee by way of filing ofdeclaration to opt out of the scheme as provided under Section10A(8). In such circumstances, we do not find any reason toentertain the appeal. The question will stand answered against theRevenue, going by the specific declaration contemplated undersub-section (8) of Section 10A. The appeal is dismissed, sustaining the order of the Tribunal to the extent the appeal for the year 1995-96 wasallowed. There shall be no order as to costs. Sd/-K.Vinod ChandranJudge vku/- Sd/- Ashok Menon Judge [ true copy ]