Case Law › High Court › Ita/515/2009 Of The Commissioner Of Inco...

Ita/515/2009 Of The Commissioner Of Income Tax,Trichur v. M/S. Central Kerala Kuries (P) Ltd

High Court 20 Jul 2009 In favour of: Assessee

Forum / Bench

High Court · highcourtofkerala

Parties

Date of order

20 Jul 2009

Assessment year(s)

—

Outcome

Dismissed

Case summary

In Ita/515/2009 Of The Commissioner Of Income Tax,Trichur v. M/S. Central Kerala Kuries (P) Ltd, the High Court (2009) dismissed the appeal. The decision went in favour of the assessee.

Decision: Since we have in large number of cases held that interest onKisan Vikas Pathra and Indira Vikas Pathra which are deposits with thePost Office, will not attract liability to tax under the Interest Tax Act asthese deposits are not loans or advances, we dismiss this appeal filed bythe 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 MONDAY, THE 20TH JULY 2009 / 29TH ASHADHA 1931 ITA.No. 515 of 2009() --------------------- ITA.23/2005 of I.T.A.TRIBUNAL,COCHIN BENCH .................... APPELLANT ----------------------------- 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): --------------- M/S. CENTRAL KERALA KURIES (P) LTD., ALOOR.P.O., TRICHUR. THIS INCOME TAX APPEAL HAVING COME UP FOR ADMISSION ON 20/07/2009, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: C.N.RAMACHANDRAN NAIR &C.K.ABDUL REHIM, JJ. ....................................................................I.T. Appeal No.515 of 2009 ....................................................................Dated this the 20th day of July, 2009. JUDGMENT Ramachandran Nair, J. Since we have in large number of cases held that interest onKisan Vikas Pathra and Indira Vikas Pathra which are deposits with thePost Office, will not attract liability to tax under the Interest Tax Act asthese deposits are not loans or advances, we dismiss this appeal filed bythe Revenue. C.N.RAMACHANDRAN NAIRJudge pms C.K.ABDUL REHIM Judge

Facing a similar income-tax issue?

Our CA-led litigation team handles notices, scrutiny, penalties and appeals (CIT(A) & ITAT) end-to-end.

✅ File an income-tax appeal (CIT(A)/ITAT) → 💬 Ask our CA

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.

Disclaimer: General information only — not legal, tax or professional advice, and no advocate/CA–client relationship is created. AI-generated summaries may contain errors and must be verified against the original court order. EaseValue accepts no liability for reliance on this content. Not a solicitation. Full disclaimer & Terms.