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 FRIDAY, THE 7TH AUGUST 2009 / 16TH SRAVANA 1931 ITA.No. 811 of 2009() --------------------- ITA.203/2003 of I.T.A.TRIBUNAL,COCHIN BENCH .................... APPELLANT: ------------------------------ THE COMMISSIONER OF INCOME TAX, COCHIN. BY ADV. SRI.JOSE JOSEPH, SC, FOR INCOME TAX RESPONDENT(S): RESPONDENT: -------------------------- SRI.K.P.KARTHIKEYAN, KURAVANPARAMBIL, UDAYAMPEROOR, TRIPUNITHURA. THIS INCOME TAX APPEAL HAVING COME UP FOR ADMISSION ON 07/08/2009, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: C.N.RAMACHANDRAN NAIR & C.K.ABDUL REHIM, JJ. .................................................................... I.T. Appeal Nos.811 of 2009 .................................................................... Dated this the 7th day of August, 2009. JUDGMENT Ramachandran Nair, J. Heard Senior counsel appearing for the appellant. Question raised pertains to cancellation of unexplained trade credits added in the assessment by the first appellate authority and confirmed by the Tribunal. Even though Standing Counsel contended that the credit worthiness of the parties were not proved by the assessee, it is seen that all the credits pertain to business transactions in illicit liquor trade and all the creditors have confirmed transactions before the Assessing Officer. We do not find any substantial question of law arising from the orders of the Tribunal. Consequently appeal is dismissed. C.N.RAMACHANDRAN NAIR Judge C.K.ABDUL REHIM Judge pms