Ita/445/2009 Of The Commissioner Of Income Tax,Cochin v. Universal Trades Corporation

PRESENT THE HONOURABLE MR.JUSTICE K.VINOD CHANDRAN & THE HONOURABLE MR. JUSTICE ASHOK MENON WEDNESDAY,THE 23RD DAY OF JANUARY 2019 / 3RD MAGHA, 1940 ITA.No. 445 of 2009 AGAINST THE ORDER/JUDGMENT IN ITA 876/COCH/2004 ofI.T.A.TRIBUNAL,COCHIN BENCH DATED 29-11-2005 APPELLANT/S:/APPELLANT/REVENUE: THE COMMISSIONER OF INCOME TAX, COCHIN. BY ADVS.SRI.P.K.R.MENON,SENIOR COUNSEL, GOI(TAXES)SRI.JOSE JOSEPH SC FOR INCOME TAX RESPONDENT/S:/RESPONDENT/ASSESSEE 1UNIVERSAL TRADES CORPORATIONMOULANA AZAD, KOCHI. *ADDL.R2MRS.SAJIDA BANU, W/O A.RABDULLA, VIII/2010, MOULANA AZAD ROAD, KOCHI-682002.MOULANA AZAD ROAD, KOCHI-682002. *ADDL.R3MR.A.R.M. YACOOB, S/O LATE ABDUL RAHIMAN SAIT, 1ST FLOOR, FLAT NO.14, CENTURY TERRACE, YUVAJANASAMAJAM ROAD, KADVANTHARA-682002. *ADDL.R4MR.A.R. ABDUL SHAKOOR, S/O LATE ABDUL RAHIMAN SAIT, VIII/2010, MOULANA AZAD ROAD, KOCHI-682002. *ADDL.R5MR.A.R..M. KASIM, S/O LATE ABDUL RAHIMAN SAIT, VIII/2010, MOULANA AZAD ROAD, KOCHI-682002. *( ADDITIONAL R2 TO R5 ARE IMPLEADED AS PER ORDER DATED 08/06/2018 IN IA NO.1271/2018.) BY ADV. SRI.V.VENUGOPALAN NAIR THIS INCOME TAX APPEAL HAVING BEEN FINALLY HEARD ON 23.01.2019, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: K.VINOD CHANDRAN & ASHOK MENON, JJ. -------------------------------------------ITA No.445 of 2009 ------------------------------------------- Dated this the 23[rd] day of January, 2019 J U D G M E N T Vinod Chandran, J Considering the fact that the tax demand isless than Rs.50 lakhs and also noticing that many ofthe partners are no more and notice has also not beenserved on the other partners, we are of the opinionthat the appeal can be closed based on the litigationpolicy, without answering the questions of law raised.Hence, this Income Tax Appeal is closed as above. Nocosts. Sd/- K.VINOD CHANDRAN JUDGE Sd/- ASHOK MENON JUDGE ITA445/09 APPENDIX APPELLANT'S/S EXHIBITS: ANNEXURE-A COPY OF INTIMATION U/S. 143(1)(A) DATED 28/02/1996 FOR THE ASST. YEAR 1994-95.28/02/1996 FOR THE ASST. YEAR 1994-95. ANNEXURE-B COPY OF LETTER DATED 30/09/2000 RECEIVED FROM THE ASSESSEE.FROM THE ASSESSEE. ANNEXURE-CCOPY OF ASSESSMENT ORDER DATED 28/03/2001 U/S. 143(3) R.W.S. 147 OF THE INCOME TAX ACT FOR THE ASST. YEAR 1994-95.U/S. 143(3) R.W.S. 147 OF THE INCOME TAX ACT FOR THE ASST. YEAR 1994-95. ANNEXURE-D COPY OF THE ORDER DATED 27/05/2004 OF THE COMMISSIONER OF INCOME TAX (APPEALS).COMMISSIONER OF INCOME TAX (APPEALS). ANNEXURE-E COPY OF THE ORDER DATED 29/11/2005 OF THE INCOME TAX APPELLATE TRIBUNAL, COCHIN BENCH, COCHIN IN ITA NO.876/COCH/2004 FOR THE ASST. YEAR 1994-95.INCOME TAX APPELLATE TRIBUNAL, COCHIN BENCH, COCHIN IN ITA NO.876/COCH/2004 FOR THE ASST. YEAR 1994-95. ANNEXURE-F COPY OF ORDER U/S. 263 DATED 20/03/1990 OF THE COMMISSIONER OF INCOME TAX FOR THE ASSESSMENT YEAR 1987-88.THE COMMISSIONER OF INCOME TAX FOR THE ASSESSMENT YEAR 1987-88. ANNEXURE-G COPY OF THE ORDER DATED 23/12/1992 OF THE INCOME TAX APPELLATE TRIBUNAL, COCHIN BENCH, COCHIN IN ITA NO.473/COCH/1990 FOR THE ASST. YEAR 1987-88.INCOME TAX APPELLATE TRIBUNAL, COCHIN BENCH, COCHIN IN ITA NO.473/COCH/1990 FOR THE ASST. YEAR 1987-88. ANNEXURE-H COPY OF JUDGMENT DATED 19/11/1999 OF THE HONOURABLE HIGH COURT OF KERALA IN ITA 16/1997.HONOURABLE HIGH COURT OF KERALA IN ITA 16/1997. jg [True Copy]