: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 APPEAL NO.897 OF 2007 TAX APPEAL NO.897 OF 2007 TAX APPEAL NO.897 OF 2007 The Commissioner of Income Tax, ..Appellant Vs. M/s.Umbel Investment Pvt.Ltd. ..Respondent Mr.B.M.Chatterji a/w.P.S.Sahadevan for the Appellant. Mr.A.K.Jasani for the Respondent. CORAM CORAM CORAM :- DR.S.RADHAKRISHNAN & :- DR.S.RADHAKRISHNAN & :- DR.S.RADHAKRISHNAN & S.J.KATHAWALLA, S.J.KATHAWALLA, S.J.KATHAWALLA, JJ. JJ. JJ. DATE DATE DATE : 5TH AUGUST, 2008 : 5TH AUGUST, 2008 : 5TH AUGUST, 2008 P.C. P.C. P.C. . Both the learned Counsel for the parties categorically state that the substantial questions of law raised in the above Appeal, are squarely covered against the Revenue and in favour of the Assessee in the judgment of the Hon’ble Supreme Court in the case of Madras Industrial Investment Corporation Ltd. Vs. Madras Industrial Investment Corporation Ltd. Vs. Madras Industrial Investment Corporation Ltd. Vs. Commissioner Commissioner Commissioner of Income Tax 225 ITR 802 (SC). of Income Tax 225 ITR 802 (SC). of Income Tax 225 ITR 802 (SC). In view thereof, the above Appeal stands dismissed. (S.J.KATHAWALLA,J.) (S.J.KATHAWALLA,J.) (S.J.KATHAWALLA,J.) (DR.S.RADHAKRISHNAN,J.) (DR.S.RADHAKRISHNAN,J.) (DR.S.RADHAKRISHNAN,J.)