: 1 : 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 REFERENCE NO.120 OF 1989 TAX REFERENCE NO.120 OF 1989 TAX REFERENCE NO.120 OF 1989 The Commissioner of Income-Tax, . City IV, Bombay ...Applicant V/s. Polychem Ltd., Bombay ...Respondent Mr.A.S. Rao, Advocate, for the Applicant. . Mr.P.C. Tripathi, Advocate, i/b. Mr.S.J. Mehta, for the Respondent. CORAM CORAM CORAM : DR. S. RADHAKRISHNAN & : DR. S. RADHAKRISHNAN & : DR. S. RADHAKRISHNAN & A.V. A.V. A.V. NIRGUDE, JJ. NIRGUDE, JJ. NIRGUDE, JJ. DATE DATE DATE : 4TH JULY, 2008. : 4TH JULY, 2008. : 4TH JULY, 2008. P.C. P.C. P.C. : : : . Heard Mr.Rao, the learned Counsel for the Applicant. 2. Mr.Rao fairly states that the questions of law involved in the present Reference are identical to the questions of law involved in the Income Tax Reference No.23 of 1990, which was disposed of by us holding that the same was covered by the two judgments of our Court in 217 ITR 622 (Bom.) and 207 ITR 494 (Bom.) passed against the Revenue and in favour of the assessee. 3. In view thereof, the present Reference also stands dismissed accordingly. : 2 : [A.V. [A.V. [A.V. NIRGUDE, J.] [DR. S. RADHAKRISHNAN, J.] NIRGUDE, J.] [DR. S. RADHAKRISHNAN, J.] NIRGUDE, J.] [DR. S. RADHAKRISHNAN, J.]