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 REFERENCE NO. 52 OF 1997. TAX REFERENCE NO. 52 OF 1997. TAX REFERENCE NO. 52 OF 1997. The Commissioner of Income-tax. ..Applicant. vs. Shri V. Shantaram ..Respondent Shri Parag Vyas with Ashok Kotangale and A.S. Rao for the applicant. AND INCOME INCOME INCOME TAX REFERENCE NO. 186 OF 1997 TAX REFERENCE NO. 186 OF 1997 TAX REFERENCE NO. 186 OF 1997 The Commissioner of Income tax .. Applicant. vs. M/s Natwarlal & Co. .. Respondents. Shri Parag Vyas with Shri Ashok Kotangale and A.S. Rao for the applicant. Shri P.C. Tripathi for the respondent. CORAM CORAM CORAM : V.C. DAGA AND J.P.DEVADHAR : V.C. DAGA AND J.P.DEVADHAR : V.C. DAGA AND J.P.DEVADHAR DATE DATE DATE : 17.10.2005. : 17.10.2005. : 17.10.2005. P.C. P.C. P.C. . For the reasons recorded by us in our judgment dated 1st July 2005 passed in Income Tax Reference No.397 of 1988 (C.I.T. vs. M/s Pithwa C.I.T. vs. M/s Pithwa C.I.T. vs. M/s Pithwa Engg.Works Engg.Works Engg.Works), wherein we have relied upon decision of this Court in the case of C.I.T. vs. Camco Colour C.I.T. vs. Camco Colour C.I.T. vs. Camco Colour Co. Co. Co. (2002) 254 ITR 565, we do not think it necessary to answer the references made to this Court having negligible tax effect. Accordingly, both the references stand returned unanswered with no order as to costs. (J.P.DEVADHAR, (J.P.DEVADHAR, (J.P.DEVADHAR, J.) J.) J.) (V.C.DAGA, (V.C.DAGA, (V.C.DAGA, J.) J.) J.)