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Ita/364/2009 Of The Commissioner Of Income Tax,Trichur v. M/S. Kalinga Chit Funds (P) Ltd., Irinja

High Court 22 Jul 2009 In favour of: Assessee

Forum / Bench

High Court · highcourtofkerala

Parties

Date of order

22 Jul 2009

Assessment year(s)

—

Outcome

Dismissed

Case summary

In Ita/364/2009 Of The Commissioner Of Income Tax,Trichur v. M/S. Kalinga Chit Funds (P) Ltd., Irinja, the High Court (2009) dismissed the appeal. The decision went in favour of the assessee.

Decision: Since we have already held in other cases that interest receivedfrom Post Office deposits under the Indira Vikas Pathra and KisanVikas Pathra schemes do not attract liability under the Interest Tax Act,we dismiss the appeal filed by the Revenue.

Summary auto-generated from the order below — read the full judgment for the complete reasoning.

The order — as passed by the High Court

IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE C.N.RAMACHANDRAN NAIR & THE HONOURABLE MR. JUSTICE C.K.ABDUL REHIM WEDNESDAY, THE 22ND JULY 2009 / 31ST ASHADHA 1931 ITA.No. 364 of 2009() --------------------- ITA.15/COCH/2002 of I.T.A.TRIBUNAL,COCHIN BENCH .................... APPELLANT/RESPONDENT. ----------------------------------------- THE COMMISSIONER OF INCOME TAX, TRICHUR. BY ADV. SRI.P.K.R.MENON,SR.COUNSEL, GOI(TAXES) SRI.JOSE JOSEPH, SC, FOR INCOME TAX RESPONDENT(S): APPELLANT. ------------------------- M/S. KALINGA CHIT FUNDS (P) LTD., IRINJALAKUDA, TRICHUR. THIS INCOME TAX APPEAL HAVING COME UP FOR ADMISSION ON 22/07/2009, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: C.N.RAMACHANDRAN NAIR &C.K.ABDUL REHIM, JJ. ....................................................................I.T. Appeal No.364 of 2009 ....................................................................Dated this the 22nd day of July, 2009. JUDGMENT Ramachandran Nair, J. Since we have already held in other cases that interest receivedfrom Post Office deposits under the Indira Vikas Pathra and KisanVikas Pathra schemes do not attract liability under the Interest Tax Act,we dismiss the appeal filed by the Revenue. C.N.RAMACHANDRAN NAIRJudge pms C.K.ABDUL REHIM Judge

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This page reproduces a public-domain court order (Section 52(1)(q)(iv), Copyright Act 1957). Explanations are EaseValue's original analysis. Always read the original order.

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