IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORIGINAL SIDE. ORIGINAL SIDE. ORIGINAL SIDE. INCOME TAX REFERENCE NO. 832 OF 1998. The Commissioner of Income-tax, Kolhapur. .... Applicant vs. M/s Shri Ram Tyres Works. ..... Respondent. Shri Pankaj Kapoor for the applicant. None for the respondent. WITH INCOME TAX REFERENCE NO.840 of 1998. The Commissioner of Income-tax, Bombay. ..Applicant. vs. Tolani Shipping Co.Ltd. ..Respondent Shri Pankaj Kapoor for the applicant. Shri A.K. Jasani for the respondent. WITH INCOME TAX REFERENCE NO.862 OF 1998. The Commissioner of Income-tax,Bombay. ..Applicant. vs. M/s A.B. C. & Sons P.Ltd. ..Respondent. Shri Pankaj Kapoor for the applicant. Shri N. Thakkar i/b Mulla & Mulla for the respondent. WITH INCOME TAX REFERENCE NO. 874 OF 1998. The Commissioner of Income-tax, Kolhapur. ..Applicant. vs. Yeshwant Iron & Steel Works Ltd. ..Respondent. Shri Pankaj Kapoor for the applicant. Shri P.V. Vaidya for the respondent. CORAM: V.C.DAGA & CORAM: V.C.DAGA & CORAM: V.C.DAGA & J.P.DEVADHAR,JJ. J.P.DEVADHAR,JJ. J.P.DEVADHAR,JJ. DATED: 11-4-2005. DATED: 11-4-2005. DATED: 11-4-2005. P.C. 1. The question raised in the above references is already answered by this Court in favour of the assessee and against the Revenue in the case of C.I.T. C.I.T. C.I.T. vs. Hico Products Pvt. Ltd. (1993) 201 ITR 567 vs. Hico Products Pvt. Ltd. (1993) 201 ITR 567 vs. Hico Products Pvt. Ltd. (1993) 201 ITR 567 (Bom). (Bom). (Bom). In this view of the matter, reference in the above matters is answered in the affirmative. Refernces stand disposed of with no order as to costs. (J.P.DEVADHAR,J.) (V.C.DAGA,J.) ********