1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX REFERENCE NO.135 OF 1997 The Commissioner of Income-tax, Bombay City III Bombay ..Applicant. Versus M/s.Standard Chartered Bank ..Respondent. Mr.Parag Vyas for the applicant. Mr.Dinesh Vyas, senior counsel with Mr.Ajit Shah for the respondent. CORAM : V.C. DAGA & J.P. DEVADHAR, JJ. DATE : 22nd JUNE, 2009 P.C. : 1. For the reasons recorded while disposing Income Tax Reference No.24 of 1993 (decided on 22-06-2009), the question referred in this application is answered in the affirmative i.e. against the revenue and in favour of the assessee. (J.P. Devadhar, J.) (V.C. Daga, J.)