1 itxal499-07 agk IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL (L) NO.499 OF 2007 The Commissioner of Income Tax - V, Pune ..Appellant. Versus Spirax Marshall Limited, Pune ..Respondent. Mr.Vimal Gupta for the appellant. Mr.Nitesh Joshi with Mr.Atul K. Jasani for the respondent. CORAM : J.P. Devadhar & A.A. Sayed, JJ. DATE : 18th April, 2011. P.C. : 1. Taken up for admission by consent of both the parties. 2. Two questions of law have been raised by the Revenue in this appeal. Learned counsel for both the parties state that the first question is covered against the Revenue by the decision of this Court in the case of Commissioner of Income Tax V/s. Associated Cables P. Limited reported in [2006] 286 ITR 596 (Bom). 3. Similarly, the second question is also covered against the Revenue by the decision of the Apex Court in the case of Commissioner of Income Tax V/s. Lakshmi Machine Works reported in [2007] 290 ITR 667 (SC). 4. In this view of the matter, the appeal is dismissed with no order as to costs. (A.A. Sayed, J.) (J.P. Devadhar, J.)