Income Tax Reference No. 36 Of 1987 vs Mr Bb Naik For Mr Manish R Bhatt For

This reference has been made at the instance of the applicant assessee. At the time of hearing of the reference, learned advocate Shri R.K. Patel appearing for the applicant assessee has submitted that he has been instructed by the assessee not to press the reference. In the circumstances, we decline to answer the question referred to this Court.

The reference stands disposed of accordingly with no order as to costs.

(A.R. Dave, J.) (D.A. Mehta, J.) (hn)