K.M. Khimasaria. v. The C.I.T., City - Xi, Bombay.

56-00-ITR=.doc

IN THE HIGH COURT OF JUDICATURE AT BOMBAY

ORDINARY ORIGINAL CIVIL JURISDICTION INCOME TAX REFERENCE NO. 56 OF 2000 K.M. Khimsaria .. Applicant v/s.

The Commissioner of Income-tax, City-XI, Mumbai .. Respondent Mr. Ashok Patil for the applicant None for the respondent CORAM : M.S. SANKLECHA & A.K. MENON, J.J.

DATED : 5th AUGUST, 2016.

P.C.

1.

This Reference under Section 256(1) of the Income Tax Act, 1961 (the Act) relates to Assessment Years 1987-88 and 1988-89. 2.

Mr. Patil, learned Counsel appearing for the applicant assessee on instructions states that he does not wish to press the present Reference. 3.

In the aforesaid circumstances, the Reference is returned unanswered. However, the questions as framed for our opinion in this Reference are left open to be considered in an appropriate case, if not already decided.

4.

The Reference is disposed of in the above terms. No order as to costs.

(A.K. MENON, J.) (M.S. SANKLECHA, J.) Uday S. Jagtap