1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL (L) NO. 777 OF 2009 The Commissioner of Income Tax. ... Appellant. V/s. M/s.Subhkam Securities Pvt.Ltd. ... Respondent. Padma Vibhakar for the appellant. Ms.Preeti Shukla i/b. B.V.Jhaveri for the respondent. CORAM : V.C.DAGA AND J.P.DEVADHAR, JJ. DATED : 24th September 2009. P.C. :- 1. Heard learned counsel for the parties. Office objections are overruled. Appeal is taken up for hearing by consent of parties. 2. Appeal is allowed for the reasons recorded in our judgment in the case of CIT V/s. M/s. Techno Shares & Stocks Ltd. in Income Tax Appeal (L) No.971 of 2006 decided by this Court on 11 th September, 2009. Accordingly, the question is answered in favour of the revenue and against the assessee. No order as to costs. (J.P.DEVADHAR, J.) (V.C.DAGA, J.)