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 2ND JULY 2009 / 11TH ASHADHA 1931 ITA.No. 260 of 2009() --------------------- AGAINST THE ORDER DATED 16/06/2003 IN ITA.30/COCH/2002 IN ITA.30/2002 of I.T.A.TRIBUNAL,COCHIN BENCH .................... APPELLANT/APPELLANT: ----------------------------- THE COMMISSIONER OF INCOME TAX, TRICHUR. BY ADV. SRI.JOSE JOSEPH, SC, FOR INCOME TAX RESPONDENT/RESPONDENT: --------------------------- M/S.GOLDEN STAR, MULLURKARA, THRISSUR DIST. THIS INCOME TAX APPEAL HAVING COME UP FOR ADMISSION ON 02/07/2009, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: C.N.RAMACHANDRAN NAIR & C.K.ABDUL REHIM, JJ. ----------------------------------- I.T.A. No. 260 of 2009 -------------------------------------- Dated this the 2nd day of July, 2009 J U D G M E N T ---------------------- Ramachandran Nair,J. 1. We do not find any question of law arising from Tribunal's order because all what Tribunal has done is acceptance of explanation by the assessee that the excess payment over the amount due to the retired partners in the capital and current account is value of goodwill. We do not find any substantial question of law arising from the order of Tribunal. Appeal is consequently dismissed. C.N.RAMACHANDRAN NAIR, JUDGE. C.K.ABDUL REHIM, JUDGE. okb