Wp(C)/34391/2003 Of The Travancore Rubber & Tea Co.ltd v. Dy. Commissioner Of Income Tax

IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE C.N.RAMACHANDRAN NAIR WEDNESDAY, THE 5TH DECEMBER 2007 / 14TH AGRAHAYANA 1929 WP(C).No. 34391 of 2003(T) -------------------------- PETITIONER: ------------ THE TRAVANCORE RUBBER & TEA CO.LTD., PLANTATION HOUSE, PATTOM SIVARAMAKRISHNA IYER ROAD, TRIVANDRUM, REP. BY ITS ROAD, TRIVANDRUM, REP. BY ITS SECRETARY, T.P.NAIR. BY ADV. SRI.JOSEPH MARKOSE SRI.MITHUN MARKOS RESPONDENTS: ------------- 1. DEPUTY COMMISSIONER OF INCOMETAX, CIRCLE I, AYAKAR BHAVAN, KOWDIAR, TRIVANDRUM. 2. INSPECTING ASSISTANT COMMISSIONER(SPL), OF AGRICULTURAL INCOMETAX, ERNAKULAM. 3. THE COMMISSIONER OF INCOME TAX(APPEALS), THIRUVANANTHAPURAM. BY ADV. SRI.P.K.R.MENON(SR.),SR.COUNSEL FOR IT SRI.GEORGE K. GEORGE, SC FOR IT THIS WRIT PETITION (CIVIL) HAVING BEEN FINALLY HEARD ON 05/12/2007, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: PETITIONER'S EXHIBITS: EXT.P1 TRUE COPY OF ORDER DATED 1.11.2000 OF THE KERALA HIGH COURT IN OP 21817OF 2000 EXT.P2 TRUE COPY OF CIRCULAR NO. 5/2003 DATED 22.5.2003 ISSUED BY CBDT EXT.P3 TRUE COPY OF ASSESSMENT ORDER DATED 17.2.1994 FOR 1991-92 UNDER THECENTRAL INCOME TAX ACT. EXT.P4 STRUE COPY OF ASSESSMENT ORDER DATED 25.1.1995 FOR 1992-93 UNDER THECENTRAL INCOME TAX ACT. EXT.P5 TRUE COPY OF REVISED ASSESSMENT ORDER DATED 28.2.2003 FOR ASSESSMENTYEAR 1991-92 EXT.P6 TRUE COPY OF REVISED ASSESSMENT ORDER DATED 28.2.2003 FOR ASSESSMENTYEAR 1992-93 EXT.P7 TRUE COPY OF ASSESSMENT ORDER DATED 11.11.1993 OF THE FIRST RESPONDENTFOR THE YEAR 1991-92 UNDER AIT ACT. EXT.P8 TRUE COPY OF ASSESSMENT ORDER DATED 7.12.1994 OF THE FIRST RESPONDENTFOR THE YEAR 1992-93 UNDER AIT ACT. EXT.P9 TRUE COPY OF APPEAL DATED 18.4.2003 FILED BY THE PETITIONER BEFORE THETHIRD RESPONDENT FOR 1991-92 EXT.P10 TRUE COPY OF APPEAL DATED 18.4.2003 FILED BY THE PETITIONER BEFORE THETHIRD RESPONDENT FOR 1992-93 EXT.P11 TRUE COPY OF PETITION DATED 9.8.2003 FILED BY THE PETITIONER BEFORE THEFIRST RESPONDENT FOR 1991-92 EXT.P12 TRUE COPY OF PETITION DATED 9.8.2003 FILED BY THE PETITIONER BEFORE THEFIRST RESPONDENT FOR 1992-93 EXT.P13 TRUE COPY OF NOTICE DATED 17.10.2003 OF THE FIRST RESPONDENT TO BRITISHBANK AND MIDDLE EAST (HSBC), TRIVANDRUM. EXT.P14 TRUE COPY OF NOTICE DATED 17.10.2003 OF THE FIRST RESPONDENT TO STATEBANK OF INDIA, TRIVANDRUM. EXT.P15 TRUE COPY OF NOTICE DATED 17.10.2003 OF THE FIRST RESPONDENT TO INDIANBANK, TRIVANDRUM. EXT.P16 TRUE COPY OF SNOTICE DATED 17.10.2003 OF THE FIRST RESPONDENT TO BANKOF MAHARASHTRA, TRIVANDRUM. RESPONDENTS' EXHIBITS: NIL. TRUE COPYP.S. TO JUDGE. C.N. RAMACHANDRAN NAIR, J. -------------------------------------------- W.P.C. NO. 34391 OF 2003 -------------------------------------------- Dated this the 5th day of December, 2007 JUDGMENT Even though this Court held that centrifuging of rubber latex isan industrial activity, the Board has issued notification againstreopening of assessment for the period 2002-03 if the assesses havepaid Agrl. Income tax. It is clear from the documents produced thatpetitioner was assessed for agrl. income tax and therefore petitioner iscovered by the notification. In the circumstances, W.P. is allowedquashing the impugned proceedings. (C.N. RAMACHANDRAN NAIR) Judge