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.714 OF 2004 INCOME TAX APPEAL NO.714 OF 2004 INCOME TAX APPEAL NO.714 OF 2004 Vishwasrao Naik Sahakari Sakhar Karkhana Ltd. ..Appellant. V/s. Deputy Commissioner of Income Tax ..Respondent. Mr.P.G.Chavan with S.S.Patwardhan for appellant. Mr.Prashant Uchil for respondent. CORAM : Dr.S.RADHAKRISHNAN & CORAM : Dr.S.RADHAKRISHNAN & CORAM : Dr.S.RADHAKRISHNAN & J.P.DEVADHAR, JJ. J.P.DEVADHAR, JJ. J.P.DEVADHAR, JJ. DATED : 22ND FEBRUARY, 2006. DATED : 22ND FEBRUARY, 2006. DATED : 22ND FEBRUARY, 2006. P.C. :- P.C. :- P.C. :- 1. Heard the learned counsel for the appellant and the respondents. The learned counsel for the appellant brought to our notice that the Hon’ble Supreme Court in the case of Siddheshwar Sahakari Sakhar Siddheshwar Sahakari Sakhar Siddheshwar Sahakari Sakhar Karkhana Ltd. V/s. Commissioner of Income Tax, Karkhana Ltd. V/s. Commissioner of Income Tax, Karkhana Ltd. V/s. Commissioner of Income Tax, Kolhapur & Ors. Kolhapur & Ors. Kolhapur & Ors. reported in 270 I.T.R.1 270 I.T.R.1 270 I.T.R.1 has partially overruled the Judgment and order of our High Court in (2000) 245 I.T.R. 498. Having regard to the aforesaid facts and circumstances, we allow the appeal and set aside the order passed by the I.T.A.T., Pune dated 12/10/2003 and remand back the same to I.T.A.T. to decide the appeal afresh in the light of the Judgment of the Hon’ble Supreme Court in Siddheshwar Sahakari Sakhar Siddheshwar Sahakari Sakhar Siddheshwar Sahakari Sakhar Karhana Ltd. Karhana Ltd. Karhana Ltd. (supra). 2. Hence appeal stands disposed off in the above terms with no order as to costs. (Dr.S.RADHAKRISHNAN,J.) (Dr.S.RADHAKRISHNAN,J.) (Dr.S.RADHAKRISHNAN,J.) (J. P. DEVADHAR, J.) (J. P. DEVADHAR, J.) (J. P. DEVADHAR, J.)