The Commissioenr Of Income-Tax vs M/S.Transworld Hire Purchase … on 2 July, 2009

       

  

  

 
 
  IN THE HIGH COURT OF KERALA AT ERNAKULAM

ITA.No. 236 of 2009()


1. THE COMMISSIOENR OF INCOME-TAX,
                      ...  Petitioner

                        Vs



1. M/S.TRANSWORLD HIRE PURCHASE INDIA LTD.,
                       ...       Respondent

                For Petitioner  :SRI.JOSE JOSEPH, SC, FOR INCOME TAX

                For Respondent  : No Appearance

The Hon'ble MR. Justice C.N.RAMACHANDRAN NAIR
The Hon'ble MR. Justice C.K.ABDUL REHIM

 Dated :02/07/2009

 O R D E R
   C.N.RAMACHANDRAN NAIR & C.K.ABDUL REHIM, JJ.
                  -----------------------------------
                      I.T.A. No. 236 of 2009

                   --------------------------------------

               Dated this the 2nd day of July, 2009

                         J U D G M E N T

———————-

Ramachandran Nair,J.

Since the issue raised is covered by judgment of this

Court reported in Commissioner of Income Tax Vs. Kerala

State Financial Enterprise and others (220 CTR 286), we

allow the appeal following the said judgment by reversing the

order of the Tribunal. However the liability will be computed in

accordance with the judgment above referred by the Assessing

Officer after issuing notice to the party and after giving

opportunity of hearing to the assessee. The Assessing Officer

will also forward a copy of this Judgment to the assessee before

taking up the assessment for revision.

C.N.RAMACHANDRAN NAIR, JUDGE.

C.K.ABDUL REHIM, JUDGE.

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