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 WEDNESDAY, THE 10TH JUNE 2009 / 20TH JYAISHTA 1931 ITA.No. 83 of 2009() -------------------- ITA.32/2003 of I.T.A.TRIBUNAL,COCHIN BENCH .................... RESPONDENT: ------------------------------- THE COMMISSIONER OF INCOME-TAX, TRICHUR. BY ADV. SRI.JOSE JOSEPH, SC, FOR INCOME TAX RESPONDENT(S): APPELLANT: ------------------------- THE KERALA STATE FINANCIAL ENTERPRISES LTD., TRICHUR. THIS INCOME TAX APPEAL HAVING COME UP FOR ADMISSION ON 10/06/2009, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: C.N.RAMACHANDRAN NAIR & C.K.ABDUL REHIM, JJ. .................................................................... I.T. Appeal No.83 of 2009 .................................................................... Dated this the 10th day of June, 2009. JUDGMENT Ramachandran Nair, J. Since the issue raised i.e. liability for interest tax on interest received under hire purchase transactions stands decided against the assessee vide judgment in COMMISSIONER OF INCOME-TAX V. KERALA STATE FINANCIAL ENTERPRISES LTD. (220 CTR 286), following the said judgment we allow the appeal by reversing the order of the Tribunal and restoring the assessment. Since the appeal is allowed without notice to the assessee, Registry will forward a copy of the assessment to the assessee for information. However, if modification on quantum of interest assessed is required based on judgment, the assessee can approach the officer and request for it. C.N.RAMACHANDRAN NAIR Judge C.K.ABDUL REHIM Judge pms