The Commissioner Of Income Tax vs M/S.Truly Kuries & Loans (P) Ltd on 10 August, 2009

       

  

  

 
 
  IN THE HIGH COURT OF KERALA AT ERNAKULAM

ITA.No. 1036 of 2009()


1. THE COMMISSIONER OF INCOME TAX,TRICHUR.
                      ...  Petitioner

                        Vs



1. M/S.TRULY KURIES & LOANS (P) 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 :10/08/2009

 O R D E R
                 C .N. RAMACHANDRAN NAIR &
                      C. K. ABDUL REHIM, JJ.
                 --------------------------------------------
                       I.T.A. No. 1036 OF 2009
                 --------------------------------------------
                Dated this the 10th day of August, 2009

                              JUDGMENT

Ramachandran Nair,J.

Since the issue raised is squarely covered by the decision of this

Court in CIT v. KERALA STATE FINANCIAL ENTERPRISES

LTD., 220 CTR 286, we allow the appeal by setting aside the order of

the Tribunal and that of the first appellate authority and remand the

matter to the assessing officer for redoing the assessment based on the

principles laid down in the above decision after issuing notice to the

assessee and after serving a copy of this judgment.

(C.N.RAMACHANDRAN NAIR)
Judge.

(C. K. ABDUL REHIM)
Judge.

kk

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