1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL (L) NO.709 OF 2010 M.R.Share Broking Pvt. Ltd., ..... Appellants V/s. The Commissioner of Income Tax 4 (3) ..... Respondents ---- None for the appellants. Mr.Vimal Gupta for the respondents. ---- CORAM : J.P.DEVADHAR & MRS.MRIDULA BHATKAR, JJ. DATE : 18/1/ 2011 P.C. 1. None for the appellants. Heard Mr. Vimal Gupta learned Counsel for the respondents. 2 Admit on the following question of law :- "Whether on the facts and circumstances of the case and in law, the Honourable Tribunal was justified in disallowing Depreciation in the sum of Rs.17,49,331/- on the Membership card of the Appellant ? 2 3 Learned Counsel for the Revenue states that the question raised in this Appeal is answered against the Revenue by the decision of the Apex Court in the case of Techno Shares Vs. CIT reported in 327 ITR 323. 4 In this view of the matter, the Appeal is disposed off by answering the question in the negative i.e in favour of the Assessee and against the Revenue. (MRS.MRIDULA BHATKAR,J) (J.P.DEVADHAR,J)