1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.7000 OF 2010 The Commissioner of Income Tax-3 Mumbai ..... Appellants V/s. Kanakdhara Traders Pvt. Ltd., ..... Respondents ---- Mr.Vimal Gupta for the appellants. Mr.J.D.Mistry Senior Counsel @ Mr.P.C.Tripathi i/by Raj Darak for the respondents. ---- CORAM : J.P.DEVADHAR & MRS.MRIDULA BHATKAR, JJ. DATE : 8/2/ 2011 P.C. 1. The only question raised in this appeal is whether the ITAT was justified in setting aside the order passed by the CIT under Section 263 of the Income Tax Act 1961. Counsel on both sides state that the aforesaid question is answered against the Revenue by the decision of this Court in the case of CIT-3, Mumbai Vs.M/s.Nikhil Investment Company Pvt. Ltd., in Income Tax Appeal (L) No.3006 of 2009 decided on 15.3.2010. 2 In this view of the matter, present Appeal is dismissed. (MRS.MRIDULA BHATKAR,J) (J.P.DEVADHAR,J)