1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY O. O. C. J. INCOME TAX APPEAL (LODG.) NO.1240 OF 2008 The Commissioner of Income Tax-3 Mumbai ..Appellant. Vs. M/s. Indian Rayon & Industries Ltd. ..Respondent. ..... Mr. Vimal Gupta for the Appellant. Mr. Neeraj Sheth i/b Dave & Girish & Co. for the Respondent. ..... CORAM : DR.D.Y.CHANDRACHUD & J.P.DEVADHAR, JJ. 25th March, 2010. P.C. : The registry is directed to register the appeal and the office objections are waived. Upon the appeal being restored, by consent it has been taken on Board for admission and was called out for hearing. Counsel appearing on behalf of the Revenue and the assessee are agreed in stating before the Court that the issue which has been raised in the appeal on behalf of the Revenue would stand 2 concluded against the Revenue in view of the order which has been passed today by this Court in ITA(L) No.1239 of 2008. In view of the statement, the present appeal does not raise any substantial question of law and is accordingly dismissed. (Dr. D.Y.Chandrachud, J.) (J.P. Devadhar, J.)