IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL (L) NO.991 OF 2008 The Commissioner of Income-tax-1 .. Appellant vs. M/s.Grindwell Norton Ltd. .. Respondent Mr.P.S.Sahadevan i/by Suresh Kumar for Appellant Mr.A.K. Jasani for Respondent CORAM : V.C. DAGA & J.P. DEVADHAR, JJ. DATED : 19th JUNE, 2009 P.C.: 1.Heard learned Counsel for rival parties. All office objections are overruled. Appeal taken up for hearing on admission, by consent of parties. 2.The issue involved in this Appeal is as to whether interest received on overdue payment in business is deductible under Section 80HHC of the Income Tax Act. This issue is squarely covered by the judgment of the Apex Court in the case of Commissioner of Income-tax vs. Govinda Choudhury & Sons, 203 ITR 881 and also of this Court in the case of Commissioner of Income tax vs. Bhansali Engineering Polymarks Ltd., (2008) 306 ITR 194 (Bombay). 3.In this view of the matter, no substantial question of law is involved in the present Appeal. The Appeal is, therefore, dismissed. No order as to costs. [J.P. DEVADHAR, J.] [V.C. DAGA, J.]