Ita/579/2009 Of The Commissioner Of Income Tax, Trichur v. M/S. Immaculate Kuries & Loans P.ltd
High Court
23 Jul 2009 In favour of: Assessee
Forum / Bench
High Court · highcourtofkerala
Parties
Ita/579/2009 Of The Commissioner Of Income Tax, Trichur v. M/S. Immaculate Kuries & Loans P.ltd
Date of order
23 Jul 2009
Assessment year(s)
—
Outcome
Dismissed
Case summary
In Ita/579/2009 Of The Commissioner Of Income Tax, Trichur v. M/S. Immaculate Kuries & Loans P.ltd, the High Court (2009) dismissed the appeal. The decision went in favour of the assessee.
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
THURSDAY, THE 23RD JULY 2009 / 1ST SRAVANA 1931
ITA.No. 579 of 2009()
---------------------
ITA.14/COCH/2004 of I.T.A.TRIBUNAL,COCHIN BENCH
....................
APPELLANT/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)/RESPONDENT:
------------------------------
IMMACULATE KURIES AND LOANS (P) LTD.,
IRINJALAKUDA.
THIS INCOME TAX APPEAL HAVING COME UP FOR ADMISSION
ON 23/07/2009, THE COURT ON THE SAME DAY DELIVERED THE
FOLLOWING:
C.N.RAMACHANDRAN NAIR & C.K.ABDUL REHIM, JJ. -----------------------------------
I.T.A. No. 579 of 2009
--------------------------------------
Dated this the 23[rd] day of July, 2009
J U D G M E N T
----------------------
Ramachandran Nair,J.
Since the post office deposits under Kisan Vikas Pathra andIndira Vikas Pathra are not loans or advances interest does notattract liability under the Interest Tax Act. We therefore dismissthe appeal by department.
C.N.RAMACHANDRAN NAIR, JUDGE.
C.K.ABDUL REHIM, JUDGE.
okb
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