IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN THE HIGH COURT OF JUDICATURE AT BOMBAY IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORDINARY ORDINARY ORIGINAL CIVIL JURISDICTION ORIGINAL CIVIL JURISDICTION ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.342 OF 2002 INCOME TAX APPEAL NO.342 OF 2002 INCOME TAX APPEAL NO.342 OF 2002 Synco Industries Ltd. ..Appellant. V/s. Dy.Commissioner of Income Tax & Ors. ..Respondents. Mr.P. Sanchayati for appellant. Mr.R.V.Desai, senior counsel for respondents. CORAM : S.RADHAKRISHNAN AND CORAM : S.RADHAKRISHNAN AND CORAM : S.RADHAKRISHNAN AND J.P.DEVADHAR, JJ. J.P.DEVADHAR, JJ. J.P.DEVADHAR, JJ. DATED : 11TH JANUARY, 2005. DATED : 11TH JANUARY, 2005. DATED : 11TH JANUARY, 2005. P.C. :- P.C. :- P.C. :- 1. Heard learned counsel for appellant. The issue involved in the present appeal is covered by the Judgment of our High Court in the case of Synco Synco Synco Industries (formerly known as Synco Textiles P.Ltd. Industries (formerly known as Synco Textiles P.Ltd. Industries (formerly known as Synco Textiles P.Ltd. V/s. Asessing Officer of Income-Tax and Ors. V/s. Asessing Officer of Income-Tax and Ors. V/s. Asessing Officer of Income-Tax and Ors. reported in 254 I.T.R. 608 Bombay. 254 I.T.R. 608 Bombay. 254 I.T.R. 608 Bombay. In view thereof, appeal stands dismissed. 2. The learned counsel for appellant states that the matter is pending in the Supreme Court. (S.RADHAKRISHNAN, (S.RADHAKRISHNAN, (S.RADHAKRISHNAN, J.) J.) J.) (J.P. DEVADHAR, J.) (J.P. DEVADHAR, J.) (J.P. DEVADHAR, J.)