1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.140 OF 2007 The Commissioner of Income Tax, City-14, Mumbai ..Appellant. Versus Smt.Asha Thawani ..Respondent. Mr.D.K. Kamwal for the appellant. Mr.P.C. Tripathi i/by Mr.Atul K. Jasani for the respondent. CORAM : V.C. DAGA & J.P. DEVADHAR, JJ. DATE : 4TH SEPTEMBER 2009 P.C. : 1. The Appeal was admitted by order dated 30-7-2008 on the following substantial question of law: “Whether on the facts and in the circumstances of the case, the ITAT has erred in deleting the disallowance of Rs.12,50,000/- claimed as Bad Debt when assessee is regularly receiving the interest on this amount claimed as bad debt ?” 2. The learned counsel for the revenue fairly states that issue sought to be raised in this appeal is covered by the Division Bench judgment of this Court in the case of Director of Income Tax (International Taxation) V/s. M/s.Oman International Bank SAOG reported in (2009) 313 ITR 128 (Bom). 3. In the light of that, there is no merit in this appeal. The question is accordingly answered in favour of the assessee and against the revenue. The appeal is thus dismissed with no order as to costs. (J.P. Devadhar, J.) (V.C. Daga, J.)