1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.2105 OF 2009 The Commissioner of Income Tax ..Appellant. V/s. M/s. Systematic Exports ..Respondent. Mr. Suresh Kumar for appellant. Mr. S.J. Mehta for respondent. CORAM : V.C.DAGA AND J.P.DEVADHAR, JJ. DATED : 17TH NOVEMBER, 2009. P.C. :- Heard learned counsel for both the parties. Both the parties admit that the appeal can be disposed of finally since the issue sought to be raised is covered by the judgment of the Supreme Court in favour of the revenue in the case of Liberty India V/s. CIT reported in [2009] 317 ITR 218 (SC). In this view of the matter, the questions sought to be raised in the appeal is answered in favour of the revenue for the reasons stated in the judgment of the Apex Court in the case of Liberty India (supra). Accordingly, the appeal is partly allowed. No order as to costs. (J.P.DEVADHAR, J.) (V.C.DAGA, J.)