ORDER : 1. Leave granted. 2. In view of the decision rendered by this Court in Commissioner of Income Tax, Thiruvananthapuram Vs. Baby Marine Exports, Kollam [ 2007 (4) SCC 555 ] which has been followed subsequently in Commissioner of Income Tax, Karnal Versus Dalbir Singh [Civil Appeal No.6430 of 2012 and other connected matters, decided on 12th September, 2012], we allow this appeal and set aside the order of the High Court. All consequential reliefs be granted to the appellant.