1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY O. O. C. J. INCOME TAX APPEAL NO.2035 OF 2009 The Commissioner of Income Tax-8. ...Appellant. Vs. M/s.Sun Jewels India Pvt. Ltd. ...Respondent. .... Mr.Suresh Kumar for the Appellant. Mr. Anil C. Mishra i/b. PKD Legal Solutions for the Respondent. ..... CORAM : DR.D.Y.CHANDRACHUD AND J.P.DEVADHAR, JJ. April 9, 2010. P.C. : The appeal by the Revenue under Section 260A of the Income Tax Act, 1961, was admitted on the following substantial question of law : “ Whether, on the facts and in the circumstances of the case and in law, the ITAT was correct in directing the AO to adopt the figure of net interest for the purpose of computation of deduction u/s.80HHC of the Act.” The question is not res integra and is covered in favour of the Revenue by the judgment of this Court dated 18th/19th March 2010 in CIT vs. Asian Star Co.Ltd. (Income Tax Appeal 200 of 2009). The question is accordingly answered in favour of the 2 Revenue and against the Assessee. The appeal is allowed. There shall be no order as to costs. ( Dr.D.Y.Chandrachud, J.) ( J.P.Devadhar, J.)