IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ORDINARY ORIGINAL CIVIL JURISDICTION ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.934 OF 2000 INCOME TAX APPEAL NO.934 OF 2000 INCOME TAX APPEAL NO.934 OF 2000 The Commissioner of Income Tax .. Appellant Vs. M/s.S.H.Kelkar & Co. .. Respondent Mr.P.S.Sahadevan for the Appellant. Ms.Usha Dalal for the Respondent. CORAM :- DR.S.RADHAKRISHNAN & CORAM :- DR.S.RADHAKRISHNAN & CORAM :- DR.S.RADHAKRISHNAN & S.J.KATHAWALLA, JJ. S.J.KATHAWALLA, JJ. S.J.KATHAWALLA, JJ. DATE : 22nd July, 2008 DATE : 22nd July, 2008 DATE : 22nd July, 2008 P.C. P.C. P.C. 1. Heard the learned Counsel for the parties. The learned Counsel for both parties categorically state that the question of law involved in this Appeal is squarely covered against the Revenue and in favour of the Assessee in view of the judgment of the Hon’ble Supreme Court in the case of CIT V/s.Lakshmi Machine CIT V/s.Lakshmi Machine CIT V/s.Lakshmi Machine Works - 290 ITR 667. Works - 290 ITR 667. Works - 290 ITR 667. In view thereof, Appeal stands dismissed. (S.J.KATHAWALLA, J.) (DR.S.RADHAKRISHNAN,J.) (S.J.KATHAWALLA, J.) (DR.S.RADHAKRISHNAN,J.) (S.J.KATHAWALLA, J.) (DR.S.RADHAKRISHNAN,J.)