1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL (L) NO.2004 OF 2008 The Commissioner of Income Tax – 5, Mumbai ..Appellant. Versus M/s.Jindal Coated Steel Private Limited, Mumbai ..Respondent. Mr.P.S. Sahadevan for the appellant. Mr.Sameer G. Dalal for the respondent. CORAM : V.C. DAGA & J.P. DEVADHAR, JJ. DATE : 26th JUNE, 2009 P.C. : 1. 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 Apex Court in the case of Karnal Co-operative Sugar Mills Limited, 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 in this appeal. The appeal is dismissed in limine with no order as to costs. (J.P. Devadhar, J.) (V.C. Daga, J.)