The Commissioner Of Income Tax v. M/S.castle Investment & Inds.p.ltd

IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.1557 OF 2007 INCOME TAX APPEAL NO.1557 OF 2007 The Commissioner of Income Tax .. Appellant Vs. M/s.Castle Investment & Inds.P.Ltd. .. Respondent Mr.P.S.Sahadevan for the Appellant. None for the Respondent. CORAM :- DR.S.RADHAKRISHNAN & S.J.KATHAWALLA, JJ. CORAM :- DR.S.RADHAKRISHNAN & S.J.KATHAWALLA, JJ. DATE : 22nd July, 2008 DATE : 22nd July, 2008 P.C. P.C. P.C. 1. Heard the learned Counsel for the Appellant. By this Appeal, the following substantial question of law is sought to be raised:- "Whether on the facts and in the circumstances of the case, the Hon’ble Tribunal is justified in law in holding that the assessee is entitled for deduction u/s.80M of the I.T.Act 1961? 2. Perused the judgment of the Income Tax Appellate Tribunal dated 18.7.2007. For the reasons stated in paragraph Nos.18, 19 & 20 of the said judgment, we find no question of law involved in this Appeal. The Tribunal has followed its own decision as referred to in paragraph No.20 of the judgment, which has not been challenged by the Revenue. No substantial question of law is involved in this Appeal. Hence, the Appeal stands dismissed. (S.J.KATHAWALLA, J.) (DR.S.RADHAKRISHNAN,J.)