Ita/811/2009 Of The Commissioner Of Income Tax, Cochin v. Shri.k.p.karthikeyan, Tripunithura

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 FRIDAY, THE 7TH AUGUST 2009 / 16TH SRAVANA 1931 ITA.No. 811 of 2009() --------------------- ITA.203/2003 of I.T.A.TRIBUNAL,COCHIN BENCH .................... APPELLANT: ------------------------------ THE COMMISSIONER OF INCOME TAX, COCHIN. BY ADV. SRI.JOSE JOSEPH, SC, FOR INCOME TAX RESPONDENT(S): RESPONDENT: -------------------------- SRI.K.P.KARTHIKEYAN, KURAVANPARAMBIL, UDAYAMPEROOR, TRIPUNITHURA. THIS INCOME TAX APPEAL HAVING COME UP FOR ADMISSION ON 07/08/2009, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: C.N.RAMACHANDRAN NAIR &C.K.ABDUL REHIM, JJ. ....................................................................I.T. Appeal Nos.811 of 2009 ....................................................................Dated this the 7th day of August, 2009. JUDGMENT Ramachandran Nair, J. Heard Senior counsel appearing for the appellant. Questionraised pertains to cancellation of unexplained trade credits added in theassessment by the first appellate authority and confirmed by theTribunal. Even though Standing Counsel contended that the creditworthiness of the parties were not proved by the assessee, it is seen thatall the credits pertain to business transactions in illicit liquor trade andall the creditors have confirmed transactions before the AssessingOfficer. We do not find any substantial question of law arising fromthe orders of the Tribunal. Consequently appeal is dismissed. C.N.RAMACHANDRAN NAIRJudge C.K.ABDUL REHIM Judge