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 (LDG.) NO. 1203 OF 2007 TAX APPEAL (LDG.) NO. 1203 OF 2007 TAX APPEAL (LDG.) NO. 1203 OF 2007 The Commissioner of Income-tax-5, Mumbai. ... Appellant. V/s. M/s.J.B.S.Steel Products Pvt.Ltd. ... Respondent. R.Ashokan for the appellant. Vipul Joshi with Sameer G. Dalal for the respondent. CORAM CORAM CORAM : V.C.DAGA AND J.P.DEVADHAR, JJ. : V.C.DAGA AND J.P.DEVADHAR, JJ. : V.C.DAGA AND J.P.DEVADHAR, JJ. DATED DATED DATED : 23rd April 2009. : 23rd April 2009. : 23rd April 2009. P.C. P.C. P.C. : : : ---- ---- ---- . Heard learned counsel for the parties. Perused appeal. 2. The issue sought to be raised with respect to the interest earned on margin money deposited in the bank during pre-operative business period is covered by the judgment of the in the case of Karnal Karnal Karnal Co-op. Co-op. Co-op. Sugar Mills Ltd. Sugar Mills Ltd. Sugar Mills Ltd., 243 ITR 2 (SC). The Tribunal has also relied upon the very same judgment. 3. In view of the above, no substantial question of law is involved. Appeal is dismissed in limine 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.)