1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY O. O. C. J. INCOME TAX APPEAL NO.1224 OF 2008 The Commissioner of Income Tax-8. ... Appellant. Vs. Valblanc Chemie Pvt. Ltd. ...Respondent. Mr.Suresh Kumar for the Appellant. Mr.Jitendra Singh for the Respondent. CORAM : DR. D.Y.CHANDRACHUD & J.P. DEVADHAR, JJ. 18th January, 2010. P.C.: The appeal was admitted on the following substantial question of law : “Whether the Hon’ble Tribunal is right in holding that duty drawback should be treated as income derived from industrial undertaking for the purpose of computing deduction under Section 80IA of the Income Tax Act.” The question of law is covered in favour of the Revenue and against the assessee by the judgment of the Supreme Court in Liberty India vs. CIT, (2009) 317 ITR 218. The question is thus, answered in terms of the judgment of the Supreme Court 2 aforementioned. The appeal shall accordingly stand allowed. There shall be no order as to costs. ( Dr.D.Y.Chandrachud, J.) ( J.P.Devadhar, J.)