:1: bgp bgp bgp IN IN IN THE THE THE HIGH COURT OF JUDICATURE AT BOMBAY HIGH COURT OF JUDICATURE AT BOMBAY HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORDINARY ORDINARY ORIGINAL ORIGINAL ORIGINAL CIVIL JURISDICTION CIVIL JURISDICTION CIVIL JURISDICTION INCOME INCOME INCOME TAX TAX TAX APPEAL NO.1040 OF 2004 APPEAL NO.1040 OF 2004 APPEAL NO.1040 OF 2004 M/s.Bipin Synthetics Pvt.Ltd. ..Appellant Vs. Asstt.Commissioner of Income Tax ..Respondent Mr.P.S.Sahadevan for Appellant. Ms.Beena Pillai for respondent. CORAM CORAM CORAM :- V.C.DAGA & :- V.C.DAGA & :- V.C.DAGA & J.P.DEVADHAR,JJ. J.P.DEVADHAR,JJ. J.P.DEVADHAR,JJ. DATE DATE DATE : 17TH APRIL,2009 : 17TH APRIL,2009 : 17TH APRIL,2009 P.C. P.C. P.C. . Heard. 1. The appeal was admitted on the following substantial question of law: "Whether on the facts and in the circumstances of the case the Tribunal was justified in disallowing bad debts of Rs.3,82,558/- in respect of inter corporate deposits made with Dawood Shoes Pvt.Ltd.? 2. Both parties fairly state that the said question has already been considered and answered by the Division Bench of this Court in the case of Director Director Director of Income Tax (International Taxation) Vs. of Income Tax (International Taxation) Vs. of Income Tax (International Taxation) Vs. M/s.Oman M/s.Oman M/s.Oman International International International Bank SAOG, in Income Tax Appeal Bank SAOG, in Income Tax Appeal Bank SAOG, in Income Tax Appeal No.114 No.114 No.114 of 2009 decided on 9th February, 2009 of 2009 decided on 9th February, 2009 of 2009 decided on 9th February, 2009 (unreported). (unreported). (unreported). In this view of the matter, for the reasons stated therein, the question of law is answered in favour of Assessee and against the :2: Revenue. The appeal is disposed of in terms of this order with no order as to costs. (J.P.DEVADHAR,J.) (J.P.DEVADHAR,J.) (J.P.DEVADHAR,J.) (V.C.DAGA,J.) (V.C.DAGA,J.) (V.C.DAGA,J.)