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 REFERENCE NO.270 OF 1997 INCOME TAX REFERENCE NO.270 OF 1997 INCOME TAX REFERENCE NO.270 OF 1997 Mahindra & Mahindra Ltd. .. Applicant Vs. CIT, Bombay .. Respondent Mr.B.V.Jhaveri for the Applicant. Mr.Vimal Gupta i/by Mr.P.S.Sahadevan for the Respondent. CORAM :- DR.S.RADHAKRISHNAN & CORAM :- DR.S.RADHAKRISHNAN & CORAM :- DR.S.RADHAKRISHNAN & S.J.KATHAWALLA, JJ. S.J.KATHAWALLA, JJ. S.J.KATHAWALLA, JJ. DATE : 7th August, 2008 DATE : 7th August, 2008 DATE : 7th August, 2008 P.C. P.C. P.C. 1. Heard the learned Counsel for the parties. Both the learned Counsel for the parties categorically state that the question of law involved in this Reference has already been decided by this Court in the Assessee’s own case itself i.e.in ITR No.23 of 1993 decided on ITR No.23 of 1993 decided on ITR No.23 of 1993 decided on 12.8.2005 12.8.2005 12.8.2005 in favour of the Assessee and against the Revenue. Accordingly the question of law referred in this Reference is answered in favour of the Assessee and against the Revenue. (S.J.KATHAWALLA, J.) (DR.S.RADHAKRISHNAN,J.) (S.J.KATHAWALLA, J.) (DR.S.RADHAKRISHNAN,J.) (S.J.KATHAWALLA, J.) (DR.S.RADHAKRISHNAN,J.)