srk IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO. 416 OF 2008 The Commissioner of Income Tax ..Appellant Vs. M/s Shiv Marine Industries Pvt. Ltd. ..Respondent Mr.P.S. Sahadevan for the Appellant. Mr. M. Subramanian a/w V.S. Hadade for the Respondent. CORAM :- V.C.DAGA & J.P. DEVADHAR ,JJ. DATE : 15th June,2009 P.C. Heard learned counsel for the parties. Learned counsel for both the parties fairly state that the first question of law involved in the present appeal has already been considered and answered by the Division Bench of this court in the case of R.B. Jessaram Fetehchand (Sugar Dept.) Vs. Commissioner of Income Tax (1969) 75 ITR 33 (Bombay). So far as second question is concerned the same is squarely covered by the Judgment of this Court in the case of Ship Breaking Traders Vs. Commissioner of Income Tax 251 ITR 806 (Bombay). In this view of the matter no substantial question of law is involved in the present appeal. Hence, the appeal stands dismissed. (J.P. DEVADHAR, J.) (V.C.DAGA,J.)