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 APPEAL NO.267 OF 2004 INCOME TAX APPEAL NO.267 OF 2004 INCOME TAX APPEAL NO.267 OF 2004 The Commissioner of Income Tax, Mumbai, City-IV. .. Appellant V/s M/s.Arya Shipbreaking Co.Pvt.Ltd. Mumbai .. Respondent Mr.Pankaj Kapoor for the Appellant. Mr.A.R.Singh for the Respondent. CORAM: S.RADHAKRISHNAN & CORAM: S.RADHAKRISHNAN & CORAM: S.RADHAKRISHNAN & J.P.DEVADHAR, JJ. J.P.DEVADHAR, JJ. J.P.DEVADHAR, JJ. DATE : 25.01.2005. DATE : 25.01.2005. DATE : 25.01.2005. P.C.: P.C.: P.C.: 1. Heard the learned Counsel for the parties. The issue raised in this Appeal is squarely covered by the judgment in the case of Ship Scrap Traders & Ors V/s.CIT Ship Scrap Traders & Ors V/s.CIT Ship Scrap Traders & Ors V/s.CIT - 251 ITR 806 - 251 ITR 806 - 251 ITR 806. Hence, the Appeal stands dismissed. ....