IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION ORDINARY ORIGINAL CIVIL JURISDICTION ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX REFERENCE NO. 102 OF 1989 Commissioner of Income-Tax, Bombay City III, Bombay .. Applicant V/s. M/s. Navrang Cine Centre P. Ltd., Bombay - 400 021. .. Respondent Mr. R.V. Desai with Ms. S.V. Bharucha and Mr. R. Ashokan for the Applicant None present for the Respondent CORAM : S. RADHAKRISHNAN & CORAM : S. RADHAKRISHNAN & CORAM : S. RADHAKRISHNAN & J.P. DEVADHAR, JJ. J.P. DEVADHAR, JJ. J.P. DEVADHAR, JJ. DATED : 22.02.2005 DATED : 22.02.2005 DATED : 22.02.2005 P.C.:- P.C.:- P.C.:- 1. Heard the learned counsel for the Applicant. The question referred to reads as under:- "1. Whether on facts and circumstances of the case, the assessee-company is entitled to investment allowance u/s. 32A of Income-tax Act for asst. years 1978-79 and 1979-80?" 2. The learned counsel for the Applicant fairly states that the question raised in the above Reference is squarely covered by judgment of this Court in C.I.T. v. C.I.T. v. C.I.T. v. D.K. Kondke 192 ITR 128 (Bom.). D.K. Kondke 192 ITR 128 (Bom.). D.K. Kondke 192 ITR 128 (Bom.). In view thereof, the question is answered in the affirmative, in favour of the assessee and against the Revenue. (S. RADHAKRISHNAN, J.) (S. RADHAKRISHNAN, J.) (S. RADHAKRISHNAN, J.) (J.P. DEVADHAR, J.) (J.P. DEVADHAR, J.) (J.P. DEVADHAR, J.)