IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE C.N.RAMACHANDRAN NAIR & THE HONOURABLE MR. JUSTICE T.R. RAMACHANDRAN NAIR TUESDAY, THE 5TH FEBRUARY 2008 / 16TH MAGHA 1929 ITA.No. 3 of 2002() ------------------- ITA.421/1996 of I.T.A.TRIBUNAL,COCHIN BENCH .................... RESPONDENT --------------------------- THE COMMISSIONER OF INCOME TAX, TRIVANDRUM. BY ADV. SRI.P.K.R.MENON(SR.),SR.COUNSEL FOR IT SRI.GEORGE K. GEORGE, SC FOR IT RESPONDENTS: APPELLANT ---------------------- M/S/INDIAN RESINS AND POLYMERS, KOCHUPILAMOODU,KOLLAM-1. BY ADV. SRI.P.BALACHANDRAN SMT.PREETHA S.NAIR THIS INCOME TAX APPEAL HAVING BEEN FINALLY HEARD ON 05/02/2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: C .N. RAMACHANDRAN NAIR & T.R. RAMACHANDRAN NAIR, JJ. -------------------------------------------- I.T.A. No. 3 OF 2002 -------------------------------------------- Dated this the 5th day of February, 2008 JUDGMENT C.N. Ramachandran Nair,J. Since the questions raised are covered by decision of this Court reported in NANJI TOPANBHAI AND CO. V. ASST. COMMR. OF INCOME TAX, (2000) 243 I.T.R. 192 and that of the Supreme Court in COMMISSIONER OF INCOME TAX V. K. RAVINDRANATHAN NAIR, (2007) 295 I.T.R. 228, these appeals filed by the revenue are allowed vacating the orders of the Tribunal and restoring the assessments on the questions raised. (C.N.RAMACHANDRAN NAIR) Judge. (T.R.RAMACHANDRAN NAIR) Judge. kk 2