IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE C.N.RAMACHANDRAN NAIR & THE HONOURABLE MR. JUSTICE V.K.MOHANAN TUESDAY, THE 24TH NOVEMBER 2009 / 3RD AGRAHAYANA 1931 ITA.No. 1340 of 2009() ---------------------- ITA.370/2007 of I.T.A.TRIBUNAL,COCHIN BENCH .................... APPELLANT ----------------------------- THE COMMISSIONER OF INCOME TAX, COCHIN. BY ADV. SRI.P.K.R.MENON,SR.COUNSEL, GOI(TAXES) SRI.JOSE JOSEPH, SC, FOR INCOME TAX RESPONDENT(S): --------------- M/S.GOSRIS HARDWARES, KOCHI. ADV. SRI.P.BALAKRISHNAN (E) THIS INCOME TAX APPEAL HAVING BEEN FINALLY HEARD ON 24/11/2009, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: C.N. RAMACHANDRAN NAIR & V.K.MOHANAN, JJ. ---------------------------------------- I.T.A. No.1340 OF 2009 ---------------------------------------- Dated, the 24th Day of November, 2009 JUDGMENT Ramachandran Nair, J. The question raised pertains to the addition deleted by the first appellate authority which was sustained by the Tribunal. Lumpsum addition of Rs.50 lakhs was made based on rough Profit and Loss account prepared and kept by the assessee which was on 28.3.2006. However, the Tribunal found that assesse was maintaining full and complete accounts and therefore, addition is without any basis. We do not find any substantial question of law arising from the order of the Tribunal. Consequently, the appeal is dismissed. C.N.RAMACHANDRAN NAIR JUDGE V.K.MOHANAN, JUDGE kvm/- -:2:- V.K.MOHANAN, J. O.P.No. JUDGMENT Dated:..