Ita/47/2003 Of The Commissioner Of Income Tax,Tvm v. M/S.poyilakada Trust,Kollam

IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE C.N.RAMACHANDRAN NAIR & THE HONOURABLE MR. JUSTICE V.K.MOHANAN THURSDAY, THE 7TH JANUARY, 2010 / 17TH POUSHA, 1931 ITA.No. 47 of 2003 ( ITA.296/COCH/1996 of I.T.A.TRIBUNAL,COCHIN BENCH) .................... APPELLANT/RESPONDENT: ---------------------------------------- THE COMMISSIONER OF INCOME TAX, TRIVANDRUM. BY ADV. SRI.GEORGE K. GEORGE, SC FOR IT RESPONDENT/APPELLANT: ---------------------------------------- M/S.POYILAKADA TRUST, KOLLAM. BY ADV. SMT.PREETHA S.NAIR FOR R1 BY ADV. SRI.P.BALAKRISHNAN (E) THIS INCOME TAX APPEAL HAVING BEEN FINALLY HEARD ON 07/01/2010, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: C.N.RAMACHANDRAN NAIR & V.K.MOHANAN, JJ. --------------------------------------------- I.T.A.No. 47 of 2003 --------------------------------------------- Dated this the 7[th] day of January, 2010 J U D G M E N T Ramachandran Nair,J: Even though the issue raised by the revenue intheir appeal is covered by a decision of the SupremeCourt in their favour, we are unable to entertain theappeal because of the prohibition against maintainabilityof appeal under instruction No.1979, issued by theCentral Board of Direct Taxes ('the CBDT' for short) videCircular F.No.279/126/98-ITJ, dated March 27, 2000,under which appeal to the High Court is maintainableonly if the tax effect is above Rs.2 lakhs. Since the taxinvolved in this case is below Rs.1 lakh, the appeal isdismissed as not maintainable. C.N.Ramachandran Nair, Judge. MBS/ V.K.Mohanan, Judge. I.T.A. NO. :-2-: C.N.RAMACHANDRAN NAIR&V.K.MOHANAN, JJ. --------------------------------------------------- I.T.A.NO. 47 OF 2003 -------------------------------------------- J U D G M E N T DATED:7-1-2010 I.T.A. NO.