IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.255 OF 2002 C.I.T. Mumbai City-II ..Appellant Versus M/s.State Bank of India ..Respondent ---- Mr.P.S.Sahadevan for the appellant. ---- Coram : F.I.Rebello & Coram : F.I.Rebello & Coram : F.I.Rebello & R.S.Mohite,JJ R.S.Mohite,JJ R.S.Mohite,JJ Date : 4.2.2008 PC 1. Revenue has preferred this appeal on the following question of law :- "Whether on the facts and in the circumstances of the case and in law, the Tribunal was justified in deleting the disallowance of discount Rs.20,84,95,884/- payable by the assessee to IDBI and other financial institutions on rediscounting of the bills from chargeable interest" 2. We find that the issue stands concluded by the judgment of this Court in CIT V/s. Bank of CIT V/s. Bank of CIT V/s. Bank of Maharashtra Maharashtra Maharashtra reported in 264 ITR 568 in favour of the assessee. In the light of that, appeal stands dismissed. (R.S.Mohite,J) (F.I.Rebello,J) (R.S.Mohite,J) (F.I.Rebello,J) (R.S.Mohite,J) (F.I.Rebello,J)