1 IN THE HIGH COURT OF JUDICATURE AT BOMBAY O. O. C. J. INCOME TAX APPEAL NO.509 OF 2006 Siltap Chemicals Ltd. ... Appellant. Vs. Asst. Commissioner of Income Tax, Central Cir-29 & Anr. ...Respondent. ..... Mr.B.D.Damodar i/b. M/s.Kanga & Co. for the Appellant. Mr.Suresh Kumar for the Respondent. CORAM : DR. D.Y.CHANDRACHUD & J.P. DEVADHAR, JJ. 18th January, 2010. P.C.: The appeal was admitted on the following substantial question of law : “Whether the Tribunal erred in upholding the allowance of depreciation of Rs.34,71,703/- as a mandatory deduction while computing the income under the head profits and gains of business or profession and in computing the profits eligible for deduction under Section 80-IB of the Act?” Counsel appearing on behalf of the Appellant and Counsel appearing on behalf of the Revenue are agreed that the question of law is covered in favour of the Revenue by the 2 judgment of the Full Bench of this Court in Plastiblends India Ltd. vs. ACIT, (2009) 318 ITR 352. In the circumstances, the question of law shall stand answered in terms of the judgment of the Full Bench and the appeal shall stand dismissed. There shall be no order as to costs. ( Dr.D.Y.Chandrachud, J.) ( J.P.Devadhar, J.)