IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL (LDG) NO. 3245 OF 2008 The Commissioner of Income-tax-, ... Appellant. V/s. M/s.Saraldisha Investment Ltd. ... Respondent. J.S.Saluja for the appellant. Jitendra Singh for the respondent. CORAM : V.C.DAGA AND J.P.DEVADHAR, JJ. DATED : 7th July 2009. P.C. : Heard. Office objections are overruled. Registry to register the appeal. Appeal is taken up for hearing. 2. The issue sought to be raised in this appeal revolves around interpretation of section 40-A(2) of the Income Tax Act. The Tribunal has taken into account factual aspects and reached to the conclusion that the assessee has purchased the shares at the price which was very nearest to the book value. Under these circumstances, considering the finding of fact recorded by the Tribunal, we see no substantial question of law involved in this appeal. Appeal is, therefore, dismissed in limine with no order as to costs. (J.P.DEVADHAR, J.) (V.C.DAGA J.)