1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX REFERENCE NO.318 OF 1988 Royal Interoceal Lines .. Applicant. V/s. C.I.T., Bombay .. Respondent. Mr.F.V. Irani i/by Crawford Bayley & Co. for the applicant. CORAM : F.I. REBELLO & J.P. DEVADHAR, JJ. DATED : 9TH JULY, 2007. P.C. : 1. Matter had come before this Court by way of a Reference. Counsel for the Applicant, on instructions, state that he is instructed not to press the Reference. 2. In the light of that, Reference is disposed of as not answered. (F.I. REBELLO, J.) (J.P. DEVADHAR, J.)