1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL (L) NO.2589 OF 2008 The Commissioner of Income Tax – 7, Mumbai ..Appellant. Versus M/s.Uran Shipyards P. Limited, Mumbai ..Respondent. Mr.P.S. Sahadevan for the appellant. None for the respondent. CORAM : V.C. DAGA & J.P. DEVADHAR, JJ. DATE : 2nd July, 2009 P.C. : 1. Heard learned counsel for the revenue. Office objections, if any are over-ruled. Registry is directed to remove all office objections. At the request of the learned counsel for the revenue, appeal is taken up for hearing. 2. Heard. It is clear that the tribunal has recorded a finding of fact that there was no physical verification of stock of the assessee at any point of time by any of the Officers of the department and there was material to prove that the assessee was in possession of excess stock during the relevant year. The explanation given by the assessee was found to be bona fide. In this view of the matter, we see no substantial question of law arising out of the order of the tribunal. No fault can be found with the order of the tribunal. The appeal is thus dismissed with no order as to costs. (J.P. Devadhar, J.) (V.C. Daga, J.)