IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE C.N.RAMACHANDRAN NAIR & THE HONOURABLE MR. JUSTICE P.S.GOPINATHAN THURSDAY, THE 24TH FEBRUARY 2011 / 5TH PHALGUNA 1932 ITA.No. 137 of 2008() --------------------- ITA.284/(COCH) 2006 OF THE INCOME TAX APPELLATE TRIBUNAL, COCHIN BENCH, COCHIN. .................... APPELLANT/APPELLANT/ASSESSEE : --------------------------------------- THE CATHOLIC SYRIAN BANK LTD, ST.MARYS COLLEGE ROAD, THRISSUR. BY ADV. SRI.K.VINOD CHANDRAN SRI.K.P.ABDUL AZEEZ RESPONDENT/RESPONDENT/DEPARTMENT: -------------------------------------------------- THE ASSISTANT COMMISSIONER OF INCOME TAX CIRCLE 1 (1),RANGE-I,TRICHUR. ADV. SRI.JOSE JOSEPH, SC, FOR INCOME TAX FOR R THIS INCOME TAX APPEAL HAVING BEEN FINALLY HEARD ON 24/02/2011, ALONG WITH ITA NOS. 38 & 39 OF 2010, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: C.N. RAMACHANDRAN NAIR & P.S. GOPINATHAN, JJ. = = = = = = = = = = = = = = = = = = = = = I.T.A. Nos. 137/2008 & 38 & 39 of 2010 = = = = = = = = = = = == == = = = = DATED THIS, THE 24TH DAY OF FEBRUARY, 2011. J U D G M E N T C.N. Ramachandran Nair,J. The sole question raised is on the method of valuation of security by applying the Yield to Maturity method in terms of the Reserve Bank of India guidelines, which is decided in favour of the appellant vide judgment in the case of another assessee in ITA 234 of 2009. Following the said judgment, we allow all these appeals by reversing the order of the tribunal and that of the lower authorities to the extent those decisions are contrary to our judgment above and by directing the assessing officer to revise the assessments based on the judgment above stated. C.N. RAMACHANDRAN NAIR,N, (JUDGE) P.S. GOPINATHAN, (JUDGE) knc/-