1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX REFERENCE NO.1187 OF 1998 Kopargaon SSK Ltd., Kopargaon .. Appellant. V/s. Commissioner of Income Tax .. Respondent. Mr.P. Vaidya for the appellant. Mr.A.S. Rao for the respondent. CORAM : V.C. DAGA & CORAM : V.C. DAGA & CORAM : V.C. DAGA & J.P. DEVADHAR, JJ. J.P. DEVADHAR, JJ. J.P. DEVADHAR, JJ. DATED : 2ND MAY, 2005. DATED : 2ND MAY, 2005. DATED : 2ND MAY, 2005. P.C. : 1. In this reference, the question referred for the opinion of this Court read as under : Whether on the facts and in the circumstances of the case, the amount of Rs.50,000/- paid to the Maharashtra State Co-op. Union under the provisions of Sec.68 of Maharashtra State Co-operative Societies Act, is rightly treated by the Tribunal as not deductible from the income of the assessee ? 2. The question is already answered by the Apex Court in the case of Krishna SSK Ltd., V/s. CIT [229 ITR 577]. Accordingly, the question is answered in favour of the assessee and against the revenue. 3. The reference application stands disposed of with no order as to costs. *************