MGN 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.301 OF 2001 The Commissioner of Income Tax..Appellant Vs. M/s.Special Steels Ltd.......Respondents Mr. P.S. Sahadevan, for the Appellant. Mr. S.S. Shetty, for the Respondents. CORAM: F.I. CORAM: F.I. CORAM: F.I. REBELLO REBELLO REBELLO & R.S.MOHITE,JJ. R.S.MOHITE,JJ. R.S.MOHITE,JJ. DATED: 29TH JANUARY,2008 DATED: 29TH JANUARY,2008 DATED: 29TH JANUARY,2008 P.C.: P.C.: P.C.: . The Question No.1 as framed is covered by the judgment of the Supreme Court reported in 290 ITR 667 in favour of the assessee. Question No.2 is covered by the judgment of the Supreme Court reported in 261 ITR 275 (S.C.). In the light of the above there is no merit in this Appeal which is accordingly dismissed. (R.S.MOHITE, J.) (R.S.MOHITE, J.) (R.S.MOHITE, J.) (F.I.REBELLO, J.) (F.I.REBELLO, J.) (F.I.REBELLO, J.)