Ita/281/2002 Of The Commissioner Of Income Tax,Tvm v. M/S.transworld Credit&Investment Co.p.lt

IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE C.N.RAMACHANDRAN NAIR & THE HONOURABLE MR. JUSTICE T.R.RAMACHANDRAN NAIR TUESDAY, THE 25TH MARCH 2008 / 5TH CHAITHRA 1930 ITA.No. 281 of 2002() --------------------- ITA.2/COCH/2001 of I.T.A.TRIBUNAL,COCHIN BENCH .................... APPELLANT -------------------------- THE COMMISSIONER OF INCOME TAX, TRIVANDRUM. BY ADV. SRI.GEORGE K. GEORGE, SC FOR IT RESPONDENTS: APPELLANT ---------------------- M/S.TRANSWOLRD CREDIT & INVESTMENT, CO(P) LTD., KOLLAM. BY ADV. SRI.C.KOCHUNNY NAIR SRI.DALE P.KURIEN THIS INCOME TAX APPEAL HAVING BEEN FINALLY HEARD ON 25/03/2008, ALONG WITH ITA NO. 286 OF 2002 & ITA NO. 305 OF 2002, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: C.N.RAMACHANDRAN NAIR &T.R.RAMACHANDRAN NAIR, JJ. .................................................................... I.T. Appeal Nos.281, 286 and 305 of 2002....................................................................Dated this the 25th day of March, 2008. JUDGMENT C.N.Ramachandran Nair, J. Since the issue is covered by our judgment in I.T.A. No.230/2002 dated 10.3.2008, we allow these department appeals by reversing the orderof the Income Tax Appellate Tribunal and by restoring the assessment underInterest Tax Act on finance charges and hire charges. C.N.RAMACHANDRAN NAIRJudge pms T.R.RAMACHANDRAN NAIRJudge