IN IN IN THE HIGH COURT OF JUDICATURE AT BOMBAY THE HIGH COURT OF JUDICATURE AT BOMBAY THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORDINARY ORDINARY ORIGINAL CIVIL JURISDICTION ORIGINAL CIVIL JURISDICTION ORIGINAL CIVIL JURISDICTION INCOME INCOME INCOME TAX REFERENCE NO. 314 OF 1988. TAX REFERENCE NO. 314 OF 1988. TAX REFERENCE NO. 314 OF 1988. M/s Sigma Paints Ltd.,Bombay. ... Applicant. V/s. Commissioner of Income-tax, Bombay City II, Bombay. ... Respondent. Shri Nishit Joshi for the applicant. Shri A.N. Kotangale for the respondent. CORAM CORAM CORAM : V.C.DAGA AND A.S.AGUIAR, JJ. : V.C.DAGA AND A.S.AGUIAR, JJ. : V.C.DAGA AND A.S.AGUIAR, JJ. DATED DATED DATED : : : 22.7.2005 22.7.2005 22.7.2005 P.C. P.C. P.C. : : : ---- ---- ---- . Shri Nishit Joshi,learned Counsel appearing for the applicant states that he does not press answer to the question that has been referred in this reference at the instance of the assessee. Accordingly, reference is returned unanswered with no order as to costs. (A.S.AGUIAR, (A.S.AGUIAR, (A.S.AGUIAR, J.) J.) J.) (V.C.DAGA, (V.C.DAGA, (V.C.DAGA, J.) J.) J.)