Additional Income-Tax Officer vs Ponkunnam Traders (Kerala High Court)

Kerala High Court Additional Income-Tax Officer vs Ponkunnam Traders Dated- 12 February, 1973 1976 102 ITR 366 Ker Bench: T Raghavan, V Khalid  JUDGMENT Raghavan, C.J. 1. The appellants are the Additional Income-tax Officer and the Commissioner of Income-tax (the revenue); and the respondent, Ponkunnam Traders, a firm, is the assessee. The judgment under appeal is reported as Ponkunnam Traders v. Addl. Income-tax Officer, Kottayam, [1972] 83 ITR 508 (Ker). Since the question involved is fairly simple, we do not propose to state the facts of the case in any detail. The skeleton facts necessa...