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 TUESDAY, THE 18TH AUGUST 2009 / 27TH SRAVANA 1931 ITA.No. 1355 of 2009() ---------------------- ITA.72/2004 of I.T.A.TRIBUNAL,COCHIN BENCH .................... APPELLANT/APPELLANT: --------------------------- THE COMMISSIONER OF INCOMETAX TRICHUR. BY ADV. SRI.P.K.R.MENON,SR.COUNSEL, GOI(TAXES) SRI.JOSE JOSEPH, SC, FOR INCOME TAX RESPONDENT(S): RESPONDENT ------------------------- M/S.MAVELI KURIES & LOANS P.LTD. CHURCH CIRCLE, TRICHUR. THIS INCOME TAX APPEAL HAVING COME UP FOR ADMISSION ON 18/08/2009, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: C.N.RAMACHANDRAN NAIR & C.K.ABDUL REHIM, JJ. .................................................................... I.T.A. No.1355 of 2009 .................................................................... Dated this the 18th day of August, 2009. JUDGMENT Ramachandran Nair, J. Since we have held in connected cases that deposits in post office under the Indira Vikas Pathra and Kisan Vikas Pathra schemes are only investments and not loans or advances and consequently interest received thereon on such deposits will not attract liability for tax under the Interest Tax Act, we dismiss this appeal also filed by the Revenue raising the same questions. C.N.RAMACHANDRAN NAIR, JUDGE. C.K.ABDUL REHIM, JUDGE. okb