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. 1008 OF 1998 TAX REFERENCE NO. 1008 OF 1998 TAX REFERENCE NO. 1008 OF 1998 The Commissioner of Income-tax. ... Applicant. V/s. Harish Textile Engg.P.Ltd. ... Respondent. WITH INCOME INCOME INCOME TAX REFERENCE NO. 1013 OF 1998 TAX REFERENCE NO. 1013 OF 1998 TAX REFERENCE NO. 1013 OF 1998 The Commissioner of Income-tax. ... Applicant. V/s. M/s.Savita Organic Chemical Industries. ... Respondent. WITH INCOME INCOME INCOME TAX REFERENCE NO. 1193 OF 1998 TAX REFERENCE NO. 1193 OF 1998 TAX REFERENCE NO. 1193 OF 1998 The Commissioner of Income-tax. ... Applicant. V/s. Aurangabad Khansari Sugar Mills Pvt.Ltd., Bombay. ... Respondent. WITH INCOME INCOME INCOME TAX REFERENCE NO. 1195 OF 1998 TAX REFERENCE NO. 1195 OF 1998 TAX REFERENCE NO. 1195 OF 1998 The Commissioner of Income-tax. ... Applicant. V/s. C.T.R. Manufacturing Industries Ltd., Pune. ... Respondent. WITH INCOME INCOME INCOME TAX REFERENCE NO. 1 OF 1999 TAX REFERENCE NO. 1 OF 1999 TAX REFERENCE NO. 1 OF 1999 The Commissioner of Income-tax. ... Applicant. V/s. M/s.J.R.Kraft Board Pvt.Ltd. ... Respondent. WITH INCOME INCOME INCOME TAX REFERENCE NO. 231 OF 1999 TAX REFERENCE NO. 231 OF 1999 TAX REFERENCE NO. 231 OF 1999 The Commissioner of Income-tax. ... Applicant. V/s. M/s.Bevit Pharmaceuticals Pvt. Ltd., Vasco-da-gama. ... Respondent. WITH INCOME INCOME INCOME TAX REFERENCE NO. 233 OF 1999 TAX REFERENCE NO. 233 OF 1999 TAX REFERENCE NO. 233 OF 1999 The Commissioner of Income-tax. ... Applicant. V/s. M/s.Welfits (P) Ltd., Panaji. ... Respondent. WITH INCOME INCOME INCOME TAX REFERENCE NO. 234 OF 1999 TAX REFERENCE NO. 234 OF 1999 TAX REFERENCE NO. 234 OF 1999 The Commissioner of Income-tax. ... Applicant. V/s. Sapana Ceramics (P) Ltd., Margao. ... Respondent. WITH INCOME INCOME INCOME TAX REFERENCE NO. 241 OF 1999 TAX REFERENCE NO. 241 OF 1999 TAX REFERENCE NO. 241 OF 1999 The Commissioner of Income-tax. ... Applicant. V/s. M/s.Rapidur India P.Ltd., Panaji. ... Respondent. WITH INCOME INCOME INCOME TAX REFERENCE NO. 242 OF 1999 TAX REFERENCE NO. 242 OF 1999 TAX REFERENCE NO. 242 OF 1999 The Commissioner of Income-tax. ... Applicant. V/s. M/s.Modern Media Detergent, Napusa. ... Respondent. WITH INCOME INCOME INCOME TAX REFERENCE NO. 243 OF 1999 TAX REFERENCE NO. 243 OF 1999 TAX REFERENCE NO. 243 OF 1999 The Commissioner of Income-tax. ... Applicant. V/s. M/s.Emco Goa (P) Ltd., Margao. ... Respondent. WITH INCOME INCOME INCOME TAX REFERENCE NO. 249 OF 1999 TAX REFERENCE NO. 249 OF 1999 TAX REFERENCE NO. 249 OF 1999 The Commissioner of Income-tax. ... Applicant. V/s. M/s.Goa Auto Accessories Ltd., Honda. ... Respondent. A.S.Rao for the Applicant. None for the respondents. CORAM CORAM CORAM : V.C.DAGA AND J.P.DEVADHAR, JJ. : V.C.DAGA AND J.P.DEVADHAR, JJ. : V.C.DAGA AND J.P.DEVADHAR, JJ. DATED DATED DATED : 25th April 2005. : 25th April 2005. : 25th April 2005. P.C. P.C. P.C. : : : ---- ---- ---- . The question raised in the above reference applications has already been answered by the Apex Court in favour of the assessee and against revenue in the case of C.I.T. v. P.J.Chemicals Ltd. C.I.T. v. P.J.Chemicals Ltd. C.I.T. v. P.J.Chemicals Ltd., (1994) 210 ITR 830 (SC) and Division Bench of this Court in the case of C.I.T. v. Menezes Farmaco C.I.T. v. Menezes Farmaco C.I.T. v. Menezes Farmaco, (1999) 236 ITR (Bom). In this view of the matter, the question referred is answered in affirmative. . All reference applications stand disposed of accordingly with no order as to costs. *****