1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL (L) NO.1297 OF 2008 The Director of Income-tax (International Taxation) ..Appellant. Versus Hong Kong & Shanghai Banking Corporation ..Respondent. Mr.P.S. Sahadevan for the appellant. None for the respondent. CORAM : V.C. DAGA & J.P. DEVADHAR, JJ. DATE : 22nd JUNE, 2009 P.C. : 1. Heard learned counsel for the revenue. The tribunal has relied upon the Judgment of this Court in the case of American Express International Banking Corporation vs. CIT, 258 ITR 601 (Bom). The view taken by this Court has already been approved by the Hon’ble Supreme Court of India. 2. The learned counsel for the revenue could not distinguish the said judgment on the facts of this case. The appeal is therefore dismissed with no order as to costs. (J.P. Devadhar, J.) (V.C. Daga, J.)