IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE C.N.RAMACHANDRAN NAIR & THE HONOURABLE MR. JUSTICE V.K.MOHANAN THURSDAY, THE 10TH SEPTEMBER 2009 / 19TH BHADRA 1931 ITA.No. 581 of 2009() --------------------- ITA.47/COCH//2004 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 PADMA PRIYA FINANCE (P) LTD., 39/3593, RAVIPURAM ROAD, COCHIN 682 016, THIS INCOME TAX APPEAL HAVING COME UP FOR ADMISSION ON 10/09/2009, ALONG WITH ITA 559 & 584/2009 THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: C .N. RAMACHANDRAN NAIR & V.K. MOHANAN, JJ. -------------------------------------------- I.T.A. No. 581,559 & 584 OF 2009 -------------------------------------------- Dated this the 10th day of September, 2009 JUDGMENT Ramachandran Nair, J. Since the issue raised is covered by judgment of this Court in CIT V. KERALA STATE FINANCIAL ENTERPRISES LTD., 220 CTR 286, we allow the appeals by setting aside the order of the Tribunal and that of the first appellate authority and remand the matter to the assessing officer for redoing the assessment on finance charges, hire charges, etc. under the Interest Tax Act following the above judgment after issuing notice to the assessee and after serving a copy of this judgment on the assessee. (C.N.RAMACHANDRAN NAIR) Judge. (V.K. MOHANAN) Judge. kk 2