:1: 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 INOME TAX APPLICATION NO. 161 OF 1997 INOME TAX APPLICATION NO. 161 OF 1997 INOME TAX APPLICATION NO. 161 OF 1997 The commissioner of Income Tax,City-III, Mumbai ... Applicant V/s Bombay Gymkhana Ltd. ...Respondents Mr.A.S.Rao for applicant None for respondent CORAM: S. RADHAKRISHNAN AND J.H.BHATIA, JJ. DATE : 5TH JULY,2005. P.C. 1. Heard the learned counsel for the Applicant. The learned counsel for the Applicant fairly states that the issue raised in the above application is squarely covered by a judgment of the Hon’ble Supreme Court in Chelmsfort Club v. Commissioner of Income Chelmsfort Club v. Commissioner of Income Chelmsfort Club v. Commissioner of Income Tax Tax Tax reported in 2000 (243)ITR 89 reported in 2000 (243)ITR 89 reported in 2000 (243)ITR 89 in favour of the assessee and against the Revenue. Under these circumstances, application stands dismissed. S.RADHAKRISHNAN,J. J.H.BHATIA,J.