IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE C.N.RAMACHANDRAN NAIR & THE HONOURABLE MR. JUSTICE B.P.RAY MONDAY, THE 15TH NOVEMBER 2010 / 24TH KARTHIKA 1932 ITA.No. 1097 of 2009() ---------------------- ITA.188/COCH/2007 of I.T.A.TRIBUNAL,COCHIN BENCH .................... APPELLANT/RESPONDENT ---------------------------------------- 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): APPELLANT ------------------------ BHARAT BUILDERS,31/2048,VYTTILA, KOCHI-19. ADV. SRI.P.BALAKRISHNAN (E) FOR R1 THIS INCOME TAX APPEAL HAVING BEEN FINALLY HEARD ON 15/11/2010, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: C .N. RAMACHANDRAN NAIR, & BHABANI PRASAD RAY, JJ. -------------------------------------------- I.T.A. No. 1097 of 2009 -------------------------------------------- Dated this the 15th day of November, 2010 JUDGMENT Ramachandran Nair, J. The question raised is with regard to correctness of the order of the Tribunal cancelling Section 263 order issued by the Commissioner of Income Tax in respect of respondent-assessee for the assessment year 1997-98. The issue raised is squarely covered by a Division Bench decision of this Court in MUBARAK TRADING COMPANY V. CIT, (2009) 222 C.T.R. (Ker.) 194 and another unreported decision in RADHA PICTURE PALACE V. DY. CIT, I.T.A.No. 39 of 2003 dated 10.12.2009. Following the above judgments, we allow the departmental appeal by reversing the order of the Tribunal and by restoring the order of the Commissioner issued under Section 263 of the Act. (C.N.RAMACHANDRAN NAIR) Judge. (BHABANI PRASAD RAY) Judge. kk 2