1972 (7) TMI 32 - HC - Income Tax

Gift Tax Act, 1958 applicant-assessee wishes to withdraw the reference - whether the High Court is bound to answer the reference

Summary

The High Court of Andhra Pradesh declined to answer a reference under the Gift-tax Act as the assessee expressed disinterest in pursuing the matter. The court cited previous decisions where parties failing to appear or showing lack of interest resulted in the court refusing to answer the reference. The assessee was ordered to pay the costs of the reference to the department. Advocate's fee was set at Rs. 250.