:1: bgp bgp bgp IN IN IN THE HIGH COURT OF JUDICATURE AT BOMBAY THE HIGH COURT OF JUDICATURE AT BOMBAY THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORDINARY ORDINARY ORIGINAL CIVIL JURISDICTION ORIGINAL CIVIL JURISDICTION ORIGINAL CIVIL JURISDICTION INCOME INCOME INCOME TAX REFERENCE NO.32 OF 1992 TAX REFERENCE NO.32 OF 1992 TAX REFERENCE NO.32 OF 1992 The Commissioner of Income Tax ..Applicant Vs. Maharashtra State Financial Corpn. ..Respondent Mr.A.S.Rao for the Applicant. Mr.Nishant Thakkar i/b. Mulla & Mulla for the Respondent. CORAM CORAM CORAM :- DR.S.RADHAKRISHNAN & :- DR.S.RADHAKRISHNAN & :- DR.S.RADHAKRISHNAN & A.V.NIRGUDE, A.V.NIRGUDE, A.V.NIRGUDE, JJ. JJ. JJ. DATE DATE DATE : 18TH JUNE, 2008 : 18TH JUNE, 2008 : 18TH JUNE, 2008 P.C. P.C. P.C. . Heard the learned Counsel for the parties. The learned Counsel for both the parties agreed that the questions of law raised in the above Reference Application, are squarely covered by the judgment of our High Court in the case of The Commissioner of The Commissioner of The Commissioner of Income Income Income Tax Vs. Maharashtra State Finance in ITR Tax Vs. Maharashtra State Finance in ITR Tax Vs. Maharashtra State Finance in ITR No.291 No.291 No.291 of 1988 dated 30th June,2005 of 1988 dated 30th June,2005 of 1988 dated 30th June,2005, in favour of the Assessee. In view thereof, for the reasons stated in the aforesaid order dated 30th June,2005, which pertains to the very same assessee, we answer all the four questions of law in favour of the Assessee and accordingly, the Reference Application stands disposed of with no order as to costs. (A.V.NIRGUDE,J.) (A.V.NIRGUDE,J.) (A.V.NIRGUDE,J.) (DR.S.RADHAKRISHNAN,J.) (DR.S.RADHAKRISHNAN,J.) (DR.S.RADHAKRISHNAN,J.) :2: