(-1-) MGN IN THE HIGH COURT OF JUDICATURE AT BOMBAY ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX APPEAL NO.179 OF 2005 Indian Rayon andIndustries Ltd..Appellant Vs. Assistant Commissioner of Income Tax ..Respondent Mr. Sanjiv M.Shah i/b. Dave & Girish & Co., for the Appellant. Mr. Vimal Gupta with Mr. P.S. Sahadevan, for the Respondent. CORAM: F.I. CORAM: F.I. CORAM: F.I. REBELLO REBELLO REBELLO & R.S.MOHITE,JJ. R.S.MOHITE,JJ. R.S.MOHITE,JJ. DATED: 11TH MARCH,2008 DATED: 11TH MARCH,2008 DATED: 11TH MARCH,2008 P.C.: P.C.: P.C.: . Except for question Nos. 1 and 2 learned Counsel for the Appellant submits that he is not pressing the other questions. In so far as questions 1 and 2 are concerned they are covered in favour of the Revenue by the judgment of the Supreme Court reported in 278 ITR 546 (S.C.). In the light of the above appeal dismissed. (R.S.MOHITE, J.) (F.I.REBELLO, (R.S.MOHITE, J.) (F.I.REBELLO, (R.S.MOHITE, J.) (F.I.REBELLO, J.) J.) J.)