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. 236 of 2009() --------------------- ITA.27/2003 of I.T.A.TRIBUNAL,COCHIN BENCH .................... APPELLANT/APPELLANT: ---------------------------------------- THE COMMISSIONER OF INCOME-TAX, THIRUVANANTHAPURAM. BY ADV. SRI.JOSE JOSEPH, SC, FOR INCOME TAX RESPONDENT(S): --------------- M/S.TRANSWORLD HIRE PURCHASE INDIA LTD., BEACH ROAD, KOLLAM. 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. 236 of 2009 -------------------------------------- Dated this the 2nd day of July, 2009 J U D G M E N T ---------------------- Ramachandran Nair,J. Since the issue raised is covered by judgment of this Court reported in Commissioner of Income Tax Vs. Kerala State Financial Enterprise and others (220 CTR 286), we allow the appeal following the said judgment by reversing the order of the Tribunal. However the liability will be computed in accordance with the judgment above referred by the Assessing Officer after issuing notice to the party and after giving opportunity of hearing to the assessee. The Assessing Officer will also forward a copy of this Judgment to the assessee before taking up the assessment for revision. C.N.RAMACHANDRAN NAIR, JUDGE. C.K.ABDUL REHIM, JUDGE. okb