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3. Before commencement of final arguments in this appeal, the learned Advocate for the Assessee fairly pointed out to this Court that question no.1 above has already been answered by the Division Bench of this Court in favour of the Revenue and against the Assessee in the case of Commissioner of Income Tax Vs. Parle Biscuits Ltd. reported in (2006) 282 ITR 547 (Bom). The learned Advocate for the Assessee further fairly submitted that this Court may, therefore, answer the said question no.1 in favour of the Revenue. We have gone through the decision of this Court in Commissioner of Income Tax Vs.Parle Biscuits Ltd. (supra) and have noted that the issue raised in question no.1 above is answered in favour of the Revenue. In view thereof, we, at the out set, answer question no.1 set out in paragraph 2 above in favour of the Revenue and against the Assessee.