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 APPEAL (LDG.) NO. 1725 OF 2005 TAX APPEAL (LDG.) NO. 1725 OF 2005 TAX APPEAL (LDG.) NO. 1725 OF 2005 The Commissioner of Income Tax, Mumbai. ... Appellant. V/s. Shri Sunil Dhavan, Mumbai. ... Respondent. A.S.Rao for the appellant. Vipul Joshi for the respondent. 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 : 17th July 2006. : 17th July 2006. : 17th July 2006. P.C. P.C. P.C. : : : ---- ---- ---- . In view of condonation of delay vide order dated 17th July, 2006, office is directed to registered this appeal. . By consent of parties, appeal is taken up for hearing. . The learned counsel for both parties agree that the question sought to be raised in this appeal is covered by the judgment of this Court in the case of Abdulgafar A. Nadiadwala v. Asst. C.I.T. Abdulgafar A. Nadiadwala v. Asst. C.I.T. Abdulgafar A. Nadiadwala v. Asst. C.I.T., (2004) 267 ITR 488. The learned counsel for the parties prayed that appeal may be disposed of in terms of this judgment. . In this view of the matter, for the reasons stated in the said judgment, question raised is answered against the assessee and in favour of the Revenue. . Appeal stands disposed of in terms of this order with no order as to costs. (J.P.DEVADHAR, (J.P.DEVADHAR, (J.P.DEVADHAR, J.) J.) J.) (V.C.DAGA (V.C.DAGA (V.C.DAGA J.) J.) J.)