: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 NO.415 OF 2001 TAX APPEAL NO.415 OF 2001 TAX APPEAL NO.415 OF 2001 Messrs Ami Gems ..Appellant Vs. The Income Tax Officer Ward 20(1) ..Respondent Mr.A.K.Jasani for the Appellant. Mr.B.M.Chatterjee with Mrs.P.P.Bhosale for the Respondent. CORAM CORAM CORAM :- DR.S.RADHAKRISHNAN & :- DR.S.RADHAKRISHNAN & :- DR.S.RADHAKRISHNAN & V.C.DAGA, V.C.DAGA, V.C.DAGA, JJ. JJ. JJ. DATE DATE DATE : 26TH JUNE, 2007 : 26TH JUNE, 2007 : 26TH JUNE, 2007 P.C. P.C. P.C. 1. Heard the learned Counsel for the parties. In the above Appeal, the following substantial question of law is sought to be raised: Whether on the facts and in the circumstances of the case the Tribunal was justified in law in holding that reassortment charges were not includible in the business profits for computation of deduction under Section 80 HHC of the Act? 2. For the reasons stated in the Income Tax Application No.12 of 2001, the above question of law is answered in favour of the Assessee and against the Revenue. The Appeal is allowed accordingly. (V.C.DAGA,J.) (V.C.DAGA,J.) (V.C.DAGA,J.) (DR.S.RADHAKRISHNAN,J.) (DR.S.RADHAKRISHNAN,J.) (DR.S.RADHAKRISHNAN,J.)