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 TAX APPEAL NO.322 OF 2001 The Commisioner of Income Tax....Appellant Versus M/s.Balkrishna Industries Ltd. ..Respondent Mr. A.D. Kango, for the Appellant Mr. F.V. Irani with Mr.A.K. Jasani for respondent CORAM CORAM CORAM : F.I. REBELLO : F.I. REBELLO : F.I. REBELLO & R.S. R.S. R.S. MOHITE, JJ. MOHITE, JJ. MOHITE, JJ. DATED DATED DATED : 17TH DECEMBER 2007 : 17TH DECEMBER 2007 : 17TH DECEMBER 2007 P.C. P.C. P.C. . Appeal was preferred on the sole ground that the judgment of this Court in Indo Nippon Chemicals Co. Ltd. Indo Nippon Chemicals Co. Ltd. Indo Nippon Chemicals Co. Ltd. vs. vs. vs. Commissioner of Income-tax Commissioner of Income-tax Commissioner of Income-tax was to be contested before the Supreme Court. 2. On behalf of the respondent learned Counsel draws our attention to the judgment of the Supreme Court in Commissioner Commissioner Commissioner of Income-tax vs. Indo Nippon Chemicals Co. of Income-tax vs. Indo Nippon Chemicals Co. of Income-tax vs. Indo Nippon Chemicals Co. Ltd.,261 Ltd.,261 Ltd.,261 ITR ITR ITR 275 (S.C.), 275 (S.C.), 275 (S.C.), the judgment of this Court has been been been confirmed. In the light of that the question as raised would not arise. Appeal disposed of accordingly. (R.S.MOHITE, (R.S.MOHITE, (R.S.MOHITE, J.) J.) J.) (F.I. (F.I. (F.I. REBELLO, J) REBELLO, J) REBELLO, J)