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 14TH AUGUST 2009 / 23RD SRAVANA 1931 ITA.No. 1230 of 2009() ---------------------- ITA.71/COCH/1994 of I.T.A.TRIBUNAL,COCHIN BENCH .................... APPELLANT/APPELLANT: -------------------------- THE COMMISSIONER OF INCOME TAX, TRICHUR. BY ADV. SRI.P.K.R.MENON,SR.COUNSEL, GOI(TAXES) SRI.JOSE JOSEPH, SC, FOR INCOME TAX RESPONDENT/RESPONDENT: ------------------------------- M/S.BHARATHAKSHEMAM,ROUND SOUTH, TRICHUR. THIS INCOME TAX APPEAL HAVING COME UP FOR ADMISSION ON 14/08/2009, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: C.N.RAMACHANDRAN NAIR & C.K.ABDUL REHIM, JJ. ---------------------------------- I.T.A. No.1230 of 2009 ---------------------------------- Dated this the 14th day of August, 2009 J U D G M E N T ---------------------- Ramachandran Nair,J. Since investment in Post Office under the Indira Vikas Pathra scheme is not a loan or advance, interest received thereon does not attract liability under the Interest Tax Act. Consequently we uphold the order of the Tribunal and dismiss the departmental appeal. C.N.RAMACHANDRAN NAIR, JUDGE. C.K.ABDUL REHIM, JUDGE. okb