-1- IN THE HIGH COURT OF JUDICATURE AT BOMBAY O.O.C.J. Income Tax Reference No. 235 of 1998 The Commissioner of Income Tax ..Applicant vs. Metro Exporters Pvt.Ltd. ..Respondent Mr.Parag Vyas with Mr.J.S.Saluja for applicant. Ms.Usha Dalal for respondent. CORAM: Dr.S.RADHAKRISHNAN & CORAM: Dr.S.RADHAKRISHNAN & CORAM: Dr.S.RADHAKRISHNAN & S.J.KATHAWALLA JJ. S.J.KATHAWALLA JJ. S.J.KATHAWALLA JJ. 25th August, 2008 25th August, 2008 25th August, 2008 P.C. P.C. P.C. 1. Heard the learned Counsel appearing for the applicant and the learned Counsel appearing for the respondent. 2. The learned Counsel appearing for the respondent very fairly states that the question of law raised in the above reference has already been answered by the Hon’ble Supreme Court in the case of T.N.Civil Supplies Corporation Ltd. Vs. Commissioner of Income Tax reported in 260 ITR 82 (SC) against the assessee and in favour of the revenue. Accordingly the question raised in the above reference is answered in favour of the revenue and against the assessee. (S.J.KATHAWALLA J.) (Dr.S.RADHAKRISHNAN J.) (S.J.KATHAWALLA J.) (Dr.S.RADHAKRISHNAN J.) (S.J.KATHAWALLA J.) (Dr.S.RADHAKRISHNAN J.)