IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE C.N.RAMACHANDRAN NAIR & THE HONOURABLE MR. JUSTICE B.P.RAY FRIDAY, THE 4TH FEBRUARY 2011 / 15TH MAGHA 1932 ITA.No. 17 of 2011() -------------------- AGAINST THE ORDER DATED 20/10/2010 IN ITA 20/COCH/2009 IN ITA.20/2009 of I.T.A.TRIBUNAL,COCHIN BENCH .................... APPELLANT/RESPONDENT ---------------------------------------- THE SOUTH INDIAN BANK LTD., TRICHUR. BY ADV. SRI.P.BALAKRISHNAN (E) RESPONDENT(S): APPELLANT ------------------------ THE COMMISSIONER OF INCOME TAX, TRICHUR, AAYAKAR BHAVAN, SAKTHAN THAMPURAN NAGAR, TRICHUR-680 001. MR.P.K.R.MENON, STANDING COUNSEL THIS INCOME TAX APPEAL HAVING COME UP FOR ADMISSION ON 04/02/2011, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: C.N.RAMACHANDRAN NAIR & BHABANI PRASAD RAY, JJ. .................................................................... I.T.A. No.17 of 2011 .................................................................... Dated this the 4th day of February, 2011. J U D G M E N T Ramachandran Nair, J. Both the issues raised are covered by our judgments against the assessee. So far as liability for interest under Section 234B is concerned, the decision applicable against the appellant is in South Indian Bank Ltd. v. Commissioner of Income Tax, reported in 325 ITR 517. In so far as the dispute on interest levied under Section 234D is concerned, our decision which goes against the appellant is in Commissioner of Income Tax v. Kerala Chemicals & Proteins Ltd., reported in 323 ITR 584. Following the above two decisions, we dismiss the Income Tax Appeal on both the issues. (C.N.RAMACHANDRAN NAIR, JUDGE) (BHABANI PRASAD RAY, JUDGE) jg