-1- IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO. 378 OF 2005 Rajkumar Surekha ).. Appellant Versus The Income-Tax Officer, Ward 17(10), Mumbai ).. Respondent Ms Aasifa Khan for the Appellant. CORAM: SWATANTER KUMAR, C. J. & A.P. DESHPANDE, J. DATED: 20TH AUGUST 2008. P.C. The Appellant took exception to the order passed by the Income Tax Appellate Tribunal dated 5th November 2004 in the present Appeal filed under Section 260A of the Income Tax Act, 1961. By a detailed order, the Tribunal had partially allowed the Appeal filed by the Assessee-Appellant as well as the Department. The Assessee in the present Appeal is aggrieved from the fact that sum of Rs.10 lakhs which was in the nature of security deposit as per the directions of the High Court to the Customs authorities could not have been computed for the purpose of determining the tax liability for the current year and according to the learned Counsel the same could be subjected to tax -2- when the refund was given. 2. We have perused the order of the Tribunal. The approach adopted is inconsonance with the basic principles of law and no question of law, much less substantial question of law, arises for consideration in the present Appeal. The amount of Rs.10 lakhs had been deposited by the Appellant to secure their own interest. Appeal dismissed. No order as to costs. CHIEF JUSTICE A. P. DESHPANDE, J.