Ramachandran Nair, J v. C.n.ramachandran Nair) Judge

IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE C.N.RAMACHANDRAN NAIR & THE HONOURABLE MR. JUSTICE B.P.RAY MONDAY, THE 15TH NOVEMBER 2010 / 24TH KARTHIKA 1932 ITA.No. 1097 of 2009() ---------------------- ITA.188/COCH/2007 of I.T.A.TRIBUNAL,COCHIN BENCH .................... APPELLANT/RESPONDENT ---------------------------------------- THE COMMISSIONER OF INCOME TAX, COCHIN. BY ADV. SRI.P.K.R.MENON,SR.COUNSEL, GOI(TAXES) SRI.JOSE JOSEPH, SC, FOR INCOME TAX RESPONDENT(S): APPELLANT ------------------------ BHARAT BUILDERS,31/2048,VYTTILA, KOCHI-19. ADV. SRI.P.BALAKRISHNAN (E) FOR R1 THIS INCOME TAX APPEAL HAVING BEEN FINALLY HEARD ON 15/11/2010, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: -------------------------------------------- I.T.A. No. 1097 of 2009 -------------------------------------------- Dated this the 15th day of November, 2010 JUDGMENT Ramachandran Nair, J. The question raised is with regard to correctness of the order ofthe Tribunal cancelling Section 263 order issued by the Commissionerof Income Tax in respect of respondent-assessee for the assessmentyear 1997-98. The issue raised is squarely covered by a DivisionBench decision of this Court in MUBARAK TRADING COMPANYV. CIT, (2009) 222 C.T.R. (Ker.) 194 and another unreported decisionin RADHA PICTURE PALACE V. DY. CIT, I.T.A.No. 39 of 2003dated 10.12.2009. Following the above judgments, we allow thedepartmental appeal by reversing the order of the Tribunal and byrestoring the order of the Commissioner issued under Section 263 ofthe Act. (C.N.RAMACHANDRAN NAIR)Judge. (BHABANI PRASAD RAY) Judge.