IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE C.N.RAMACHANDRAN NAIR & THE HONOURABLE MR. JUSTICE K.M.SURENDRA MOHAN THURSDAY, THE 7TH OCTOBER 2010 / 15TH ASWINA 1932 ITA.No. 1735 of 2009() ---------------------- ITA.139/2007 of I.T.A.TRIBUNAL,COCHIN BENCH .................... APPELLANT/RESPONDENT ------------------- THE COMMISSIONER OF INCOME TAX, THRISSUR. BY ADV. SRI.JOSE JOSEPH, SC, FOR INCOME TAX RESPONDENT/ APPELLANT ------------------------ M/S. SOUTH INDIAN BANK LTD., SIB HOUSE, THRISSUR. ADV. SRI.P.BALAKRISHNAN THIS INCOME TAX APPEAL HAVING COME UP FOR ADMISSION ON 07/10/2010, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: C.N.RAMACHANDRAN NAIR & K.SURENDRA MOHAN, JJ. -------------------------------- I.T.A.No.1735 OF 2009 -------------------------------- Dated this the 7th day of October, 2010 J U D G M E N T ~~~~~~~~~~~ C.N.Ramachandran Nair, J. The first issue raised in the appeal, that is valuation of unquoted government securities is covered by our decision in assessee's case in I.T.A.No.234/2009 decided today. Following the said judgment, we dismiss the revenue's appeal. The 2nd issue raised is the claim of loss on the purchase and sale of security. This issue is covered in favour of the assessee and against the revenue by our judgment in I.T.A.No.946/2009 dated 9.10.2009. The last issue that is liability for interest under Section 234D is also covered by I.T.A.Nos.1714 & 1713 of 2009. Following the above three judgments, this appeal is partly allowed and partly dismissed. (C.N.RAMACHANDRAN NAIR, JUDGE) (K.SURENDRA MOHAN, JUDGE) ps