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 WRIT PETITION NO. 2521 OF 1992 Udaipur Phosphates & Fertilizers Ltd. .. Petitioner V/s. U.K. Gupta, Dy. Commissioner of Income-Tax, Special Range-27, Bombay and Anr. .. Respondents Ms. Arati Sathe i/b. Mr. Arun Sathe for the Petitioner Mr. Pankaj Kapoor for the Respondents CORAM : S. RADHAKRISHNAN & CORAM : S. RADHAKRISHNAN & CORAM : S. RADHAKRISHNAN & J.P. DEVADHAR, JJ. J.P. DEVADHAR, JJ. J.P. DEVADHAR, JJ. DATED : 07.02.2005 DATED : 07.02.2005 DATED : 07.02.2005 P.C.:- P.C.:- P.C.:- 1. Heard the learned counsel for the Petitioner and the learned counsel for the Respondents. The learned counsel for the Petitioner fairly states that the issue involved in the present Petition is squarely covered against the Petitioner in a judgment of the Supreme Court in Karnataka Small Scale Industries Development Corporation Karnataka Small Scale Industries Development Corporation Karnataka Small Scale Industries Development Corporation Ltd. v. Commissioner of Income Tax 258 ITR 770 Ltd. v. Commissioner of Income Tax 258 ITR 770 Ltd. v. Commissioner of Income Tax 258 ITR 770. In view thereof, Rule stands discharged. (S. RADHAKRISHNAN, J.) (S. RADHAKRISHNAN, J.) (S. RADHAKRISHNAN, J.) (J.P. DEVADHAR, J.) (J.P. DEVADHAR, J.) (J.P. DEVADHAR, J.)