IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE C.N.RAMACHANDRAN NAIR & THE HONOURABLE MR. JUSTICE K.M.SURENDRA MOHAN THURSDAY, THE 7TH OCTOBER 2010 / 15TH ASWINA 1932 ITA.No. 1739 of 2009() ---------------------- ITA.539/COCH/2008 of I.T.A.TRIBUNAL,COCHIN BENCH .................... APPELLANT/ RESPONDENT: ------------------------------ THE COMMISSIONER OF INCOME TAX, THRISSUR. BY ADV. SRI.JOSE JOSEPH, SC, FOR INCOME TAX RESPONDENT/ APPELLANT ------------------------ M/S. SOUTH INDIAN BANK LTD., SIB HOUSE, THRISSUR. ADV. SRI.P.BALAKRISHNAN FOR R THIS INCOME TAX APPEAL HAVING COME UP FOR ADMISSION ON 07/10/2010, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: C.N.RAMACHANDRAN NAIR & K.SURENDRA MOHAN, JJ. -------------------------------- I.T.A.No.1739 OF 2009 --------------------------------- Dated this the 7th day of October, 2010 J U D G M E N T ~~~~~~~~~~~ C.N.Ramachandran Nair, J. The only issue raised in the appeal is with regard to the assessee's liability for interest under Section 234D of the Income Tax Act. The issue is covered vide our judgment reported in CIT vs. Kerala Chemicals & Proteins [323 ITR 584], wherein we have held that interest is payable under Section 234D only from 1.6.2003, the date of introduction of the above provision in the Statute. Following this judgment, we dispose of I.T.A.No.1714/2009 for the assessment year 1998-1999 directing the officer to levy interest in terms of the judgment referred above. (C.N.RAMACHANDRAN NAIR, JUDGE) (K.SURENDRA MOHAN, JUDGE) ps