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 REFERENCE NO. 302 OF 1995 The Commissioner of Income-Tax, Pune .. Applicant V/s. M/s. M.U. Bhandari & Co., Pune .. Respondent Mr. R.V. Desai, Sr. Advocate with Ms. S.V. Bharucha for the Applicant None present for the Respondent CORAM : S. RADHAKRISHNAN & CORAM : S. RADHAKRISHNAN & CORAM : S. RADHAKRISHNAN & J.P. DEVADHAR, JJ. J.P. DEVADHAR, JJ. J.P. DEVADHAR, JJ. DATED : 28.02.2005 DATED : 28.02.2005 DATED : 28.02.2005 P.C.:- P.C.:- P.C.:- 1. Heard the learned counsel for the Applicant. The question of law referred to reads as under:- "1. Whether on the facts and in the circumstances of the case, the Tribunal was justified in deleting disallowances made u/s. 43B of outstanding sales-tax liability?" 2. The learned counsel for the Applicant fairly states that the issue in the above is squarely covered by a judgment of the Supreme Court in Allied Motors P. Ltd. Allied Motors P. Ltd. Allied Motors P. Ltd. v. CIT (1997) 224 ITR 677 (SC) v. CIT (1997) 224 ITR 677 (SC) v. CIT (1997) 224 ITR 677 (SC) in favour of the assessee and against the Revenue. The question is accordingly answered in the affirmative, in favour of the assessee and against the Revenue. (S. RADHAKRISHNAN, J.) (S. RADHAKRISHNAN, J.) (S. RADHAKRISHNAN, J.) (J.P. DEVADHAR, J.) (J.P. DEVADHAR, J.) (J.P. DEVADHAR, J.)