IN THE HIGH COURT OF KERALA AT ERNAKULAM PRESENT : THE HONOURABLE MR. JUSTICE C.N.RAMACHANDRAN NAIR & THE HONOURABLE MR. JUSTICE K.SURENDRA MOHAN WEDNESDAY, THE 18TH FEBRUARY 2009 / 29TH MAGHA 1930 ITA.No. 101 of 2008() --------------------- ITA.340/2002 of I.T.A.TRIBUNAL,COCHIN BENCH .................... (S): APPELLANT/APPELLANT --------------------------------------- THE COMMISSIONER OF INCOME-TAX, THIRUVANANTHAPURAM. BY ADV. SRI.P.K.R.MENON,SR.COUNSEL, GOI(TAXES) SRI.JOSE JOSEPH, SC, FOR INCOME TAX RESPONDENT(S): RESPONDENT ------------------------- SRI.N.GOPINATHAN, MANNADY, ENATHU, KOLLAM. ADV. SRI.M.R.SARIN FOR R1 THIS INCOME TAX APPEAL HAVING BEEN FINALLY HEARD ON 18/02/2009,ALONG WITH ITA No.27 OF 2008, THE COURT ON THE SAME DAY DELIVERED THE FOLLOWING: C .N. RAMACHANDRAN NAIR & K. SURENDRA MOHAN, JJ. - - - - - - - - - - - - - - - - - - - - - - - - - - - - - I.T.A. Nos. 27 & 101 OF 2008 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Dated this the 18th day of February, 2009 JUDGMENT Ramachandran Nair,J. The common issue raised in these appeals is covered by the judgment of Supreme Court, reported in Commissioner of Income Tax v. Ravindranathan Nair [295 ITR 228]. Appeals are accordingly allowed by setting aside the order of the Tribunal with a direction to the assessing officer to recompute the liability of the assessee by following the decision of the Supreme Court. (C.N.RAMACHANDRAN NAIR) Judge. (K. SURENDRA MOHAN) Judge. ttb