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<h1>Appeal Dismissed as Revenue's Question of Law Previously Decided</h1> The Bombay High Court dismissed the appeal, stating that the Revenue's question of law was previously decided against them in another case. No costs were ... Question of law answered by precedent - binding precedent - dismissal of Revenue's appeal - no order as to costsQuestion of law answered by precedent - binding precedent - dismissal of Revenue's appeal - Question of law raised by the Revenue was held to be answered against the Revenue by the earlier decision in Commissioner of Income-Tax v. Gem Plus Jewellery India Limited . - HELD THAT: - Counsel for the parties informed the Court that the legal question advanced by the Revenue had been decided adversely to the Revenue by this Court in the cited authority. The Court accepted that position and, applying the binding effect of that precedent, found no ground to sustain the Revenue's appeal. Consequently, the appeal was dismissed and no costs were awarded.Appeal dismissed; no order as to costs.Final Conclusion: The High Court dismissed the Revenue's appeal, holding the question of law to be governed by the prior decision in Commissioner of Income-Tax v. Gem Plus Jewellery India Limited, and directed that there be no order as to costs. The Bombay High Court dismissed the appeal stating that the question of law raised by the Revenue was answered against them in a previous case. No costs were awarded. (Citation: 2011 (7) TMI 1350 - BOMBAY HIGH COURT)