IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ORDINARY ORIGINAL CIVIL JURISDICTION ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.210 OF 1999 INCOME TAX APPEAL NO.210 OF 1999 INCOME TAX APPEAL NO.210 OF 1999 Petroleum India International .. Appellant Vs. The Dy.CIT .. Respondent Mr.Niraj Sheth i/by M/s.Thakore Jariwala & Associates for the Appellant. None for the Respondent. CORAM :- DR.S.RADHAKRISHNAN & CORAM :- DR.S.RADHAKRISHNAN & CORAM :- DR.S.RADHAKRISHNAN & S.J.KATHAWALLA, JJ. S.J.KATHAWALLA, JJ. S.J.KATHAWALLA, JJ. DATE : 20th August, 2008 DATE : 20th August, 2008 DATE : 20th August, 2008 P.C. P.C. P.C. 1. Heard the learned Counsel for the parties. The learned Counsel for the Appellant fairly states that the question of law raised in this Appeal is squarely covered against the Assessee and in favour of the Revenue by the judgment of this Court passed in the case of CIT V/s.Asian Cable Corpn.Ltd. - 262 ITR 537. CIT V/s.Asian Cable Corpn.Ltd. - 262 ITR 537. CIT V/s.Asian Cable Corpn.Ltd. - 262 ITR 537. In view thereof, the question of law raised in the present Appeal is answered against the Assessee and in favour of the Revenue. Appeal stands disposed of. (S.J.KATHAWALLA, J.) (DR.S.RADHAKRISHNAN,J.) (S.J.KATHAWALLA, J.) (DR.S.RADHAKRISHNAN,J.) (S.J.KATHAWALLA, J.) (DR.S.RADHAKRISHNAN,J.)