Wa/700/2012 Of Arun Thomas v. The Assistant Commissioner Of Income Tax

IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT:THE HONOURABLE MR.JUSTICE C.N.RAMACHANDRAN NAIR &THE HON'BLE MR. JUSTICE BABU MATHEW P.JOSEPH TUESDAY, THE 3RD DAY OF APRIL 2012/14TH CHAITHRA 1934WA.No. 700 of 2012 () IN WPC/6702/2012 ---------------------------------------AGAINST THE ORDER/JUDGMENT IN .NO./ IN WPC.6702/2012 DATED 19-03-2012APPELLANT(S):------------ ARUN THOMAS PROPRIETOR KANNATTU ARUN FIANCE M.C.ROAD BETHEL JUNCTIONCHENGANNUR BY ADVS.SRI.T.M.SREEDHARAN (SR.) SMT.NISHA JOHN SRI.V.P.NARAYANAN SMT.BOBY M.SEKHARRESPONDENT(S):-------------- 1. THE ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE-1 THIRUVALLA 689645 2. THE COMMISSIONER OF INCOME TAX (AAPEALS)-1 AYAKKAR BHAVAN KAWDIAR THIRUVANANTHAPURAM 695 003 BY SRI.JOSE JOSEPH, SC, FOR INCOME TAX THIS WRIT APPEAL HAVING COME UP FOR ADMISSION ON 03-04-2012,THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: C.N. RAMACHANDRAN NAIR& BABU MATHEW P. JOSEPH, JJ. ------------------------------------------------------------ Writ Appeal No. 700 of 2012 ------------------------------------------------------------- Dated this the 3[rd] day of April, 2012 JUDGMENT Ramachandran Nair, J. Heard counsel for the appellant and Standing Counsel forthe respondent. 2. Having regard to the contentions raised, some modifications in the conditional stay order is required.Accordingly, we reduce the payment from 1/3[rd] to Rs. 40 lakhs,as condition for stay, which shall be paid in two equalinstalments, first instalment on or before 30[th] April, 2012 and thenext instalment on or before 31[st] May, 2012. The appeal filed bythe appellant shall be disposed of within three months from thedate of deposit of second instalment. Writ Appeal is disposed of as above. C.N. RAMACHANDRAN NAIR, JUDGE BABU MATHEW P. JOSEPH, JUDGE.