Ita/244/2019 Of The Principal Commissioner Of Income Tax v. Lakshadweep Construction Corporation Ltd

IN THE HIGH COURT OF KERALA AT ERNAKULAMPRESENT THE HONOURABLE DR. JUSTICE A.K.JAYASANKARAN NAMBIAR & THE HONOURABLE DR. JUSTICE KAUSER EDAPPAGATH MONDAY, THE 4 DAY OF MARCH 2024 / 14TH PHALGUNA, 1945ITA NO. 190 OF 2019 AGAINST THE ORDER DATED 03.10.2018 IN ITA NO.311 OF 2018 OFAGRL.I.T.ADDITIONAL BENCH,ERNAKULAM APPELLANT/RESPONDENT: THE PRINCIPAL COMMISSIONER OF INCOME TAXKOCHI - 1, KOCHI, 1ST FLOOR, CENTRAL REVENUE BUILDING, I. S. PRESS ROAD, KOCHI - 682018. BY ADVS.SRI.JOSE JOSEPH, SC, FOR INCOME TAX RESPONDENT/APPELLANT: LAKSHADWEEP DEVELOPMENT CORPORATION LTD27/1038 B, PANAMPILLY NAGAR, ERNAKULAM, KOCHI - 682036 BY ADV SRI.MANU.S, DSG, ADMINISTRATION OF THE UNION TERRITORY OF LAKSHADWEEP THIS INCOME TAX APPEAL HAVING COME UP FOR ADMISSION ON 04.03.2024, ALONG WITH ITA.244/2019, THE COURT ON THE SAMEDAY DELIVERED THE FOLLOWING: ITA Nos.190 & 244 of 2019 -:2:- IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT THE HONOURABLE DR. JUSTICE A.K.JAYASANKARAN NAMBIAR & THE HONOURABLE DR. JUSTICE KAUSER EDAPPAGATHMONDAY, THE 4 DAY OF MARCH 2024 / 14TH PHALGUNA, 1945 ITA NO. 244 OF 2019 AGAINST THE ORDER DATED 03.10.2018 IN ITA NO.312 OF 2018 OFI.T.A.TRIBUNAL,COCHIN BENCH APPELLANT/RESPONDENT: THE PRINCIPAL COMMISSIONER OF INCOME TAX,KOCHI - 1, KOCHI, 1ST FLOOR, CENTRAL REVENUE BUILDING, I.S.PRESS ROAD, KOCHI -682 018. BY ADVS.SRI.JOSE JOSEPH, SC, FOR INCOME TAX RESPONDENT/APPELLANT: LAKSHADWEEP DEVELOPMENT CORPORATION LTD 27/1038, PANAMPILLY NAGAR, KOCHI - 682 036. BY ADVS.SRI. MANU S. THIS INCOME TAX APPEAL HAVING COME UP FOR ADMISSION ON04.03.2024, ALONG WITH ITA.190/2019, THE COURT ON THE SAMEDAY DELIVERED THE FOLLOWING: -:3:- J U D G M E N T Dr. A.K.Jayasankaran Nambiar, J. It is agreed by both sides that issue involved in these Income Tax Appealsis covered in favour of the assessee and against the Revenue by the judgmentdated 14.9.2021 by this Court in ITA Nos. 5 and 7 of 2018. Accordingly, thesubstantial questions of law raised in these appeals are answered in favour of theassessee and against the Revenue and the appeals filed by the Revenue aredismissed. Sd/- DR. A.K.JAYASANKARAN NAMBIAR JUDGE sd/- DR. KAUSER EDAPPAGATH JUDGE kp -:4:- APPENDIX OF ITA 244/2019 PETITIONER ANNEXURES ANNEXURE A COPY OF THE ASSESSMENT ORDER U/S. 143(3)DATED 20/12/2016 FOR A.Y.2014-15. ANNEXURE B COPY OF THE CIT(A)'S ORDER IN ITANO.323/E/CIT(A)-1/16-17DATED 06/04/2018. ANNEXURE C COPY OF THE APPELLATE ORDER OF THE ITATCOCHIN BENCH IN ITA NO.311 &312/COCH/2018 DATED 03/10/2018 FORA.YRS.2013-14 AND 2014-15. ANNEXURE D COPY OF MEMORANDUM OF ASSOCIATION OF THEASSESSEE COMPANY. -:5:- APPENDIX OF ITA 190/2019 PETITIONER ANNEXURES ANNEXURE A COPY OF THE ASSESSMENT ORDER U/S.143(3)DATED 23.02.2016 FOR A.Y. 2013-14 ANNEXURE B COPY OF THE CIT(A)'S ORDER IN ITA NO.140/EKM/CIT(A)-I/2015-16DATED06.04.2018 ANNEXURE C COPY OF THE APPELLATE ORDER OF THE ITATCOCHIN BENCH IN ITA NO.311 AND312/COCH/2018 DATED 03.10.2018 FOR A.Y.2013-14 AND 2014-15 ANNEXURE D COPY OF MEMORANDUM OF RELEVANT PORTIONOF ASSOCIATION OF THE ASSESSEE COMPANY.