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 NO.892 OF 2007 TAX APPEAL NO.892 OF 2007 TAX APPEAL NO.892 OF 2007 The Commissioner of Income Tax Mumbai City IV ... Appellant Vs. M/s Aryaship Breaking Co.P.Ltd.. Respondent Mr.Vimal Gupta for Appellant Mr.A.K.Jasani with Mr.P.C.Tripathi for Respondent CORAM CORAM CORAM : Dr.S.Radhakrishnan and : Dr.S.Radhakrishnan and : Dr.S.Radhakrishnan and A.V.Nirgude, A.V.Nirgude, A.V.Nirgude, JJ JJ JJ DATE DATE DATE : : : 4th July, 2008 4th July, 2008 4th July, 2008 P.C. P.C. P.C. 1. Heard learned counsel for the appellant and learned counsel for the respondents. The substantial question of law raised in the above appeal is squarely covered against the revenue and in favour of the assessee in view of our view of our judgment in Commissioner of Income Tax vs M/s Chaudhary Inds. dt.4.3.2008 in I.T.A.No.168 of 2005. In view thereof, appeal stands dismissed. { A.V.Nirgude, J } A.V.Nirgude, J } A.V.Nirgude, J } { Dr.S.Radhakrishnan, J } Dr.S.Radhakrishnan, J } Dr.S.Radhakrishnan, J }