:1: IN IN IN THE HIGH COURT OF JUDICATURE AT BOMBAY THE HIGH COURT OF JUDICATURE AT BOMBAY THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORDINARY ORDINARY ORIGINAL CIVIL JURISDICTION ORIGINAL CIVIL JURISDICTION ORIGINAL CIVIL JURISDICTION INCOME INCOME INCOME TAX APPEAL (L) NO.640 OF 2003 TAX APPEAL (L) NO.640 OF 2003 TAX APPEAL (L) NO.640 OF 2003 The Commissioner of Income TAx ..Appellant Vs. The Industrial Credit & Investment ..Respondent Corporation of India Mr.P.S.Sahadevaa for the Appellant. Mr.S.J.Mehta i/b.S.P.Mehta for the Respondent. CORAM CORAM CORAM :- DR.S.RADHAKRISHNAN & :- DR.S.RADHAKRISHNAN & :- DR.S.RADHAKRISHNAN & J.P.DEVADHAR,JJ. J.P.DEVADHAR,JJ. J.P.DEVADHAR,JJ. DATE DATE DATE : 27TH FEBRUARY,2007 : 27TH FEBRUARY,2007 : 27TH FEBRUARY,2007 P.C. P.C. P.C. 1. Heard the learned Counsel for the parties. The learned Counsel for the Appellant fairly states that the issue raised in the above Appeal is squarely covered in favour of the Assessee by the Hon’ble Supreme Court in the case of Sandvik Asia Ltd. Vs. Sandvik Asia Ltd. Vs. Sandvik Asia Ltd. Vs. Commissioner Commissioner Commissioner of Income Tax & Ors. (2006) 280 I.T.R. of Income Tax & Ors. (2006) 280 I.T.R. of Income Tax & Ors. (2006) 280 I.T.R. 643 643 643 (S.C.) (S.C.) (S.C.). In view thereof, the Appeal stands dismissed. (J.P.DEVADHAR,J.) (J.P.DEVADHAR,J.) (J.P.DEVADHAR,J.) (DR.S.RADHAKRISHNAN,J.) (DR.S.RADHAKRISHNAN,J.) (DR.S.RADHAKRISHNAN,J.)