Tata Export Ltd v. Commissioner Of Income Tax

238.itr-223.99.doc Sbw

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX REFERENCE NO.223 OF 1999 Tata Exports Ltd.

..Applicant

Versus

The Commissioner of Income-Tax Bombay, City-I, Bombay.

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

Mr. Firoz Andhyarujina, Senior Counsel, a/w Sameer Dalal for the applicant.

Mr. Suresh Kumar a/w Ms. Samiksha Kanani for the respondent. ...........

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

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

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

2.

Mr. Andhyarujina, the learned Senior Counsel, appearing in support of the applicant-assessee states that he has instructions not to press the present Reference.

3.

In view of the fact that the applicant-assessee is not interested in pursuing the Reference made at its instance, we return the Reference unanswered. However, it is made clear that the question of law raised herein is left open for consideration in an appropriate case, if not already decided.

4.

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