Ita/9/2016 Of Sri Ganeshan V v. The Deputy Commissioner Of Income Tax Circle

IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT: THE HONOURABLE MR.JUSTICE THOTTATHIL B.RADHAKRISHNAN & THE HONOURABLE MRS. JUSTICE ANU SIVARAMAN FRIDAY, THE 4TH DAY OF MARCH 2016/14TH PHALGUNA, 1937 ITA.No. 9 of 2016 () --------------------- AGAINST THE ORDER IN ITA 98/COCH/2014 of I.T.A.TRIBUNAL,COCHIN BENCHDATED 18-07-2014 APPELLANT/APPELLANT: -------------------------- SRI GANESHAN V 'POOJA', CHERUVANNUR, FEROKE KOZHIKODE. BY ADVS.SRI.ANIL D. NAIR SRI.R.SREEJITH KUM.SOUMYA PRAKASH SMT.O.A.NURIYA KUM.MEKHALA M.BENNY RESPONDENT/RESPONDENT: ------------------------------- THE DEPUTY COMMISSIONER OF INCOME TAX CIRCLE 2(1) KOZHIKODE-673001. BY SRI.K.M.V.PANDALAI, INCOME TAX DEPARTMENT THIS INCOME TAX APPEAL HAVING COME UP FOR ADMISSION ON 04-03-2016, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: THOTTATHIL B.RADHAKRISHNAN &ANU SIVARAMAN, JJ. = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = = I.T.A.No.9 of 2016 = = = = = = = = == = = = = = = = = = = = = = = = = = = = = = Dated this the 4th day of March, 2016 JUDGMENT Anu Sivaraman,J. 1.This appeal is directed against Annexure C order of theIncome Tax Appellate Tribunal. The appellant had filed areturn of income for the assessment year 2007-2008. Pursuantto a survey conducted in the premises in terms of Section 133Aof the Income Tax Act, assessment was completed underSection 143(3) read with Section 147 of that Act and a totalincome of Rs.28,58,850/- was assessed and a demand wasraised. The assessee claimed that a part of the incomeassessed was obtained as loans from financial institutions andthat the additions made by the assessing authority were notjustified by the facts. The additions towards interest were alsoimpugned as being excessive. The first appellate authoritydismissed the appeal on these points against which theassessee had gone in appeal before the ITAT. The ITATconsidered the contentions and refused to interfere with theorder of the first appellate authority. I.T.A.No.9/16 From a reading of the order under challenge, it is clear thatthe ITAT has considered the contentions advanced on behalfof the appellant and had come to a reasoned conclusion asregards the factual contentions urged by the appellant. Noquestion of law, much less, any substantial question of lawarises for consideration in this appeal under Section 260A ofthe Income Tax Act. In the above circumstances, theIncome Tax Appeal fails and is accordingly dismissed. sd/- Thottathil B. Radhakrishnan, Judge sd/- Anu Sivaraman, Judge sj4/3 /True Copy/ P.A. to Judge