IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE C.N.RAMACHANDRAN NAIR & THE HONOURABLE MR. JUSTICE C.K.ABDUL REHIM THURSDAY, THE 30TH JULY 2009 / 8TH SRAVANA 1931 ITA.No. 767 of 2009() --------------------- INT. TA.5/COCH/2006 of I.T.A.TRIBUNAL,COCHIN BENCH .................... APPELLANT: -------------------- THE COMMISSIONER OF INCOME TAX, TRICHUR. BY ADV. SRI.P.K.R.MENON,SR.COUNSEL, GOI(TAXES) SRI.JOSE JOSEPH, SC, FOR INCOME TAX RESPONDENT(S): --------------- M/S.VIKAS FUNDS & KURIES PVT. LTD., PUTHENPEEDIKA, TRICHUR DIST. THIS INCOME TAX APPEAL HAVING COME UP FOR ADMISSION ON 30/07/2009, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: C.N.RAMACHANDRAN NAIR & C.K.ABDUL REHIM, JJ. .................................................................... I.T. Appeal No.767 of 2009 .................................................................... Dated this the 30th day of July, 2009. JUDGMENT Ramachandran Nair, J. Since deposits in Post Office under the Kissan Vikas Pathra and Indira Vikas Pathra schemes do not answer the description of loan or advance, the Tribunal rightly held that respondent is not liable to pay tax under the Interest Tax Act on the interest income received on these deposits. We, therefore, dismiss the appeal filed by the Revenue. C.N.RAMACHANDRAN NAIR Judge C.K.ABDUL REHIM Judge pms