Reported In Cit v. C.n.ramachandran Nair

IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE C.N.RAMACHANDRAN NAIR & THE HONOURABLE MR. JUSTICE K.SURENDRA MOHAN MONDAY, THE 21ST FEBRUARY 2011 / 2ND PHALGUNA 1932 ITA.No. 10 of 2007() ------------------------------- (AGAINST THE ORDER OF THE INCOME TAX APPELLATE TRIBUNAL COCHIN BENCH IN INT.T.A.NO.10/COCH/2006 DTD. 11/07/2006) ......... APPELLANT/APPELLANT: --------------------------------------- THE COMMISSIONER OF INCOME TAX, TRICHUR. BY ADV. SRI.GEORGE K. GEORGE, SC, IT RESPONDENT(S): RESPONDENT: --------------------------------------------------- M/S.MASTER LINK LEASING AND FINANCE LTD., KUNNAMKULAM, TRICHUR DISTRICT. THIS INCOME TAX APPEAL HAVING BEEN FINALLY HEARD ON 21/02/2011, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: Kss C.N.RAMACHANDRAN NAIR &K. SURENDRA MOHAN, JJ. ------------------------------------------------------------ I.T.A. NO: 10 OF 2007 ----------------------------------------------------------- Dated this the 21[st] February, 2011. JUDGMENT Ramachandran Nair, J. The issue raised is covered by judgment of this Court reported in CIT v. Kerala State Financial Enterprises Ltd.(220 CTR 286). Following the said judgment we allow theappeal by reversing the order of the Tribunal and that of the firstappellate authority and remand the matter to the AssessingOfficer to revise the assessment in accordance with the judgmentafter giving an opportunity to the assessee also. C.N.RAMACHANDRAN NAIR Judge jj K. SURENDRA MOHANJudge