M/S. Jolly Board Ltd. v. The C.I.T.B.C-Xiii.

1020.itr-12.00.doc Sbw

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX REFERENCE NO.12 OF 2000 Jolly Board Ltd.

..Applicant

Versus

The Commissioner of Income Tax, Bombay City-XIII, Mumbai.

..Respondent ...........

Mr. Pradeep Jetly i/b. A. S. Tungare for the Applicant. ...........

CORAM: M. S. SANKLECHA & A. K. MENON, JJ.

DATE : 19th AUGUST, 2016 P.C.:

This Reference under Section 256(1) of the Income Tax Act, 1961 has been made by the Income Tax Appellate Tribunal relates to A.Y. 198990. 2.

Mr. Jetly, the learned counsel for the applicant-assessee at whose instance the present Reference was made by the Tribunal, on instructions, states that the applicant-assessee does not want to press the present Reference. In the above view, the Reference is return unanswered. However, it is made clear that the question raised herein is left open for consideration in an appropriate case, if not already decided. 3.

Reference is disposed of in above terms. No order as to costs. (A. K. MENON, J.) (M. S. SANKLECHA, J.)