IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE C.N.RAMACHANDRAN NAIR & THE HONOURABLE MR. JUSTICE K.SURENDRA MOHAN MONDAY, THE 21ST FEBRUARY 2011 / 2ND PHALGUNA 1932 ITA.No. 92 of 2007() ------------------------------ (AGAINST THE ORDER OF THE INCOME TAX APPELLATE TRIBUNAL, COCHIN BENCH IN INT.T.A.NO.06/COCH/2006 DTD.11/07/2006) ...... APPELLANT/APPELLANT: --------------------------------------- THE COMMISSIONER OF INCOME TAX, TRICHUR. BY ADV. SRI.GEORGE K. GEORGE, SC, IT RESPONDENT(S): RESPONDENT: ------------------------------------------------- M/S.LINK HIRE PURCHASE & LEASING CO, P.LTD, KUNNAMKULAM, TRICHUR DISTRICT. THIS INCOME TAX APPEAL HAVING BEEN FINALLY HEARD ON 21/02/2011, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: Kss C.N.RAMACHANDRAN NAIR & K. SURENDRA MOHAN, JJ. ------------------------------------------------------------ I.T.A. NO: 92 OF 2007 ----------------------------------------------------------- Dated this the 21st February, 2011. JUDGMENT Ramachandran Nair, J. The issue raised is covered by judgment of this Court reported in CIT 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 that of the first appellate authority and remand the matter to the Assessing Officer to revise the assessment in accordance with the judgment after giving an opportunity to the assessee also. C.N.RAMACHANDRAN NAIR Judge K. SURENDRA MOHAN Judge jj 2