1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.1496 OF 2009 The Commissioner of Income Tax ..Appellant. V/s. M/s. U.S. Magnets P. Ltd. ..Respondent. Mr. P.S. Sahadevan for appellant. Mr. A.K. Jasani for respondent. CORAM : V.C.DAGA AND J.P.DEVADHAR, JJ. DATED : 17TH NOVEMBER, 2009. P.C. :- Heard learned counsel for the revenue and learned counsel for the respondent. The issue sought to be raised in he appeal are dealt with in paras 4 & 5 of the impugned order as the Tribunal has relied upon the judgment of the Tribunal. The Tribunal also relied upon the judgment of the Delhi High Court in the case of CIT V/s. Excellent Commercial Enterprises & Investments Ltd. reported in [2006] 282 ITR 423 (Delhi). Learned counsel for the revenue was unable to distinguish the said judgment. We were also taken through the order of the Tribunal and we find that the view taken by the Tribunal is a reasonable and possible view supported by the judgment of the Tribunal as well as the Delhi High Court. No case is made out to interfere with the said order. No substantial question of law is arise in the appeal. Hence the appeal is dismissed in limini with no order as to costs. (J.P.DEVADHAR, J.) (V.C.DAGA, J.)