Kosan Metal Product Pvt. Ltd. v. C.I.T. B.C. Ii

207.ITR-910.98.doc Sbw

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX REFERENCE NO.910 OF 1998 Kosan Metal Products Pvt. Ltd.

..Applicant

Versus

Commissioner of Income Tax Bombay City-II, Bombay.

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

Mr. Kalpesh Turalkar i/b. A. P. Sathe for the applicant. ...........

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

DATE : 10th AUGUST, 2016 P.C.:

This is Reference under Section 256(1) of the Income Tax Act, 1961 (the Act) relates to A.Y. 1979-80.

2.

The learned counsel appearing for the applicant-assessee in support of this Reference application, on instructions, states that the applicantassessee is not interested in pursuing 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.)