IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE C.N.RAMACHANDRAN NAIR & THE HONOURABLE MR. JUSTICE B.P.RAY TUESDAY, THE 16TH NOVEMBER 2010 / 25TH KARTHIKA 1932 ITA.No. 397 of 2009() --------------------- AGAINST THE ORDER IN ITA.1008/COCH/2004 of I.T.A.TRIBUNAL,COCHIN BENCH .................... APPELLANT / RESPONDENT ----------------------------- THE COMMISSIONER OF INCOME TAX, COCHIN. BY ADV. SRI.JOSE JOSEPH, SC, FOR INCOME TAX SRI.P.K.R.MENON,SR.COUNSEL, GOI(TAXES) RESPONDENT(S): / APPELLANT --------------- SRI.JACOB J.THALIATH, PROP. OCEAN BOUNTY, 26/1994, NEAR ST.JOSEPH CHURCH, K.P.VALLON ROAD, KOCHI - 682 020. ADV. SRI.P.BALAKRISHNAN (E) FOR R1 SRI.V.SREEKUMAR FOR R1 SRI.MOHAN PULIKKAL FOR R1 THIS INCOME TAX APPEAL HAVING BEEN FINALLY HEARD ON 16/11/2010, ALONG WITH ITA NO. 516 OF 2009 THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: C.N.RAMACHANDRAN NAIR & BHABANI PRASAD RAY, JJ. ---------------------------------- ITA Nos.397 & 516 of 2009 --------------------------------- Dated, this the 16th day of November, 2010 J U D G M E N T Ramachandran Nair, J. These are appeals filed against revised assessments issued based on the Commissioner's orders under Section 263. Today, we upheld the validity of those orders by reversing the orders of the Tribunal in ITA Nos.1037 & 1197 of 2009. Since Section 263 orders are upheld, we allow both these appeals by cancelling the orders of the Tribunal and by restoring the assessment confirmed in first appeal. (C.N.RAMACHANDRAN NAIR, JUDGE) (BHABANI PRASAD RAY, JUDGE) jg