High Court declines IT Act reference for small amount; advises against seeking references for amounts less than Rs. 1,00,000.

The High Court of Madhya Pradesh declined to answer a reference under section 256(1) of the IT Act due to the small amount involved, Rs. 8,400 for four assessment years. The Court advised against seeking references for amounts less than Rs. 50,000, now raised to Rs. 1,00,000, and disposed of the reference without costs.

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The High Court of Madhya Pradesh declined to answer a reference made under section 256(1) of the IT Act due to the small amount involved, which was Rs. 8,400 for four assessment years. The Revenue was advised against seeking reference for amounts less than Rs. 50,000, now raised to Rs. 1,00,000. The Court disposed of the reference without any costs.

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