IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.208 OF 2008 The Commissioner of Income-tax-3 ..Appellant. V/s. M/s.Chikki Fertilizers Trading and Agencies Pvt.Ltd. ..Respondent. Mr.Vimal Gupta for the Appellant. Mr.J.D. Mistry with Mr.Raj Darak & Mr.P.C. Tripathi for the Respondent. CORAM : D.K. DESHMUKH & J.P. DEVADHAR, JJ. DATED : 31ST JULY, 2008 P.C. : 1. The issue raised in this appeal relates to the computation of profit under Section 115JA in respect of "loss on revaluation of investment". The tribunal has allowed the claim of the assessee by relying upon several decisions of the tribunal. Moreover, the decision of the Supreme Court in the case of Apollo Tyres V/s. C.I.T. reported in 255 ITR 273 is also in favour of the assessee. 2. In this view of the matter, we see no merit in the appeal. Hence, dismissed. D.K. DESHMUKH, J. J.P. DEVADHAR, J.