( 1 ) IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ORDINARY ORIGINAL CIVIL JURISDICTION ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.954 OF 2007 INCOME TAX APPEAL NO.954 OF 2007 INCOME TAX APPEAL NO.954 OF 2007 The Commissioner of Income Tax .. Appellant Vs. M/s.Asiatic Export House .. Respondent Mr.Parag Vyas i/by Mr.P.S.Sahadevan for the Appellant. Ms.Asifa Khan for the 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. DATE : 28th July, 2008 DATE : 28th July, 2008 DATE : 28th July, 2008 P.C. P.C. P.C. 1. Heard the learned Counsel for the parties. The learned Counsel for both the parties categorically state that the question of law raised in this Appeal is squarely covered against the Assessee and in favour of the Revenue, in view of the judgment of the Hon’ble Supreme Court in the case of CIT V/s.K.Ravindranathan CIT V/s.K.Ravindranathan CIT V/s.K.Ravindranathan Nair - (2007) 295 ITR 228. Nair - (2007) 295 ITR 228. Nair - (2007) 295 ITR 228. Accordingly, the question of law raised in this Appeal is answered in favour of the Revenue and against the Assessee. Appeal stands disposed of. (S.J.KATHAWALLA, J.) (DR.S.RADHAKRISHNAN,J.) (S.J.KATHAWALLA, J.) (DR.S.RADHAKRISHNAN,J.) (S.J.KATHAWALLA, J.) (DR.S.RADHAKRISHNAN,J.)