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Ita/21/2013 Of The Commissioner Of Income Tax v. M/S. Muthoot Bankers

High Court 24 Jun 2021 In favour of: Assessee
Forum / Bench
High Court · highcourtofkerala
Parties
Ita/21/2013 Of The Commissioner Of Income Tax v. M/S. Muthoot Bankers
Date of order
24 Jun 2021
Assessment year(s)
Outcome
Dismissed

The order — as passed by the High Court

Case summary

In Ita/21/2013 Of The Commissioner Of Income Tax v. M/S. Muthoot Bankers, the High Court (2021) dismissed the appeal. The decision went in favour of the assessee.

Decision: We place on record the statement of the learned Counseland are satisfied the appeal could be dismissed accordingly.Hence the appeal is dismissed.

Summary auto-generated from the order below — read the full judgment for the complete reasoning.
IN THE HIGH COURT OF KERALA AT ERNAKULAMPRESENT THE HONOURABLE MR.JUSTICE S.V.BHATTI & THE HONOURABLE MR. JUSTICE BECHU KURIAN THOMASTHURSDAY, THE 24 DAY OF JUNE 2021 / 3RD ASHADHA, 1943 ITA NO. 21 OF 2013 AGAINST THE ORDER IN ITA 223/2010 OF I.T.A.TRIBUNAL,COCHIN BENCH, ERNAKULAM APPELLANT/S: THE COMMISSIONER OF INCOME TAX-IICOCHIN. BY ADV SRI.JOSE JOSEPH, SC, FOR INCOME TAX RESPONDENT/S: M/S. MUTHOOT BANKERSMUTHOOT TOWERS, M.G.ROAD, ERNAKULAM, KOCHI-682035. BY ADVS.SMT.BOBY M.SEKHARSMT.DIVYA RAVINDRANSRI.V.P.NARAYANANSRI.T.M.SREEDHARAN SR. OTHER PRESENT: SR ADV. S SREEDHARAN. THIS INCOME TAX APPEAL HAVING COME UP FOR ADMISSION ON 24.06.2021, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: I.T.A. No.21/2013 J U D G M E N T S.V. Bhatti, J. Heard learned Standing Counsel Jose Joseph for the appellant and learned Senior Advocate S. Sreedharan forrespondent. 2. At the request of Mr. Jose Joseph the appeal stood adjourned from time to time, from 17.02.2021 till date, to enable him to find out and get instructions from the appellant on themaintainability of the appeal, at the instance of theDepartment, in view of the CBDT Circular. 3. The matter is taken up today. The learned Counsel appearing for both the parties submit that having regard to theCBDT Circular and also the view taken by this Bench on17.03.2021 in I.T.A. Nos.281/2009, 188/2012, 1466/2009 & I.T.A. No.21/2013 101/2010 the appeal could be dismissed. We place on record the statement of the learned Counseland are satisfied the appeal could be dismissed accordingly.Hence the appeal is dismissed. Sd/- S.V.BHATTIJUDGESd/- BECHU KURIAN THOMASJUDGE jjj APPENDIX APPELLANT'S ANNEXURES A:TRUE COPY OF THE ORDER OF THE ASSESSINGOFFICER DATED 29.12.2007OFFICER DATED 29.12.2007 B :TRUE COPY OF THE ORDER OF THE COMMISSIONEROF INCOME TAX DATED 04.03.2010OF INCOME TAX DATED 04.03.2010 C:TRUE COPY OF THE LETTER DATED 28.06.2010D:CERTIFIED COPY OF THE ORDER OF THE TRIBUNALDATED 27.07.2012D:CERTIFIED COPY OF THE ORDER OF THE TRIBUNALDATED 27.07.2012 E:TRUE COPY OF THE CONSEQUENTIAL ORDER OF THEASSESSING OFFICER DATED 26.07.2010
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