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 ORDINARY ORDINARY ORIGINAL CIVIL JURISDICTION ORIGINAL CIVIL JURISDICTION ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.214 OF 2004 INCOME TAX APPEAL NO.214 OF 2004 INCOME TAX APPEAL NO.214 OF 2004 AND AND AND INCOME TAX APPEAL NO.215 OF 2004 INCOME TAX APPEAL NO.215 OF 2004 INCOME TAX APPEAL NO.215 OF 2004 Koparagaon Sahakari Sakhar Karkhana Ltd. ..Appellant. V/s. Dy.Commissioner of Income-tax & Anr. ..Respondents. Mr.R.R.Bhosale i/b. B.V.Mahadik for appellant. Mr.R.V.Desai,senior counsel with R.Asokan for respondents. CORAM : S.RADHAKRISHNAN AND CORAM : S.RADHAKRISHNAN AND CORAM : S.RADHAKRISHNAN AND J.P.DEVADHAR, JJ. J.P.DEVADHAR, JJ. J.P.DEVADHAR, JJ. DATED : 14TH FEBRUARY, 2005. DATED : 14TH FEBRUARY, 2005. DATED : 14TH FEBRUARY, 2005. P.C. :- P.C. :- P.C. :- 1. Heard the learned counsel for the appellant and the respondent. Both learned counsel categorically state that the issues involved in the above appeals are squarely covered by the Judgment of Supreme Court in the case of Siddheshwar Sahakari Karkhana Ltd. V/s. Commissioner of Siddheshwar Sahakari Karkhana Ltd. V/s. Commissioner of Siddheshwar Sahakari Karkhana Ltd. V/s. Commissioner of Income-Tax & Ors. Income-Tax & Ors. Income-Tax & Ors. reported in 270 I.T.R.1 270 I.T.R.1 270 I.T.R.1 against the revenue and in favour of the assessee. Hence both the appeals are allowed. (S.RADHAKRISHNAN, J.) (S.RADHAKRISHNAN, J.) (S.RADHAKRISHNAN, J.) (J.P. DEVADHAR, J.) (J.P. DEVADHAR, J.) (J.P. DEVADHAR, J.)