Since The Issue Raised Is Covered By Division 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 C.K.ABDUL REHIM THURSDAY, THE 20TH AUGUST 2009 / 29TH SRAVANA 1931 ITA.No. 1463 of 2009() ---------------------- ITA.9/COCH/1999 of I.T.A.TRIBUNAL,COCHIN BENCH .................... APPELLANT/RESPONDENT: --------------------------- 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)/APPELLANT: ---------------------------- VYAPARAVIJAYAM HIRE PURCHASE PVT. LTD., NADAR BUILDINGS, RICE BAZAR, TRICHUR. THIS INCOME TAX APPEAL HAVING COME UP FOR ADMISSION ON 20/08/2009, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: C.N.RAMACHANDRAN NAIR & C.K.ABDUL REHIM, JJ. .................................................................... I.T.A. No.1463 of 2009....................................................................Dated this the 20[th] day of August, 2009. JUDGMENT Ramachandran Nair, J. Since the issue raised is covered by Division Bench judgment of this Court reported in Commissioner ofIncome Tax Vs. Kerala State Financial Enterprise andothers (220 CTR 286), following the said judgment we allowthe appeal by setting aside the order of the Tribunal and that ofthe first appellate authority and remand the matter to theAssessing Officer for re-computation of liability based on thejudgment above referred after issuing notice to the assessee andafter serving a copy of this judgment on the assessee. C.N.RAMACHANDRAN NAIR, JUDGE C.K.ABDUL REHIM, JUDGE okb