https://www.taxtmi.com/caselaws?id=9080 A High Court may decline to answer a reference under section 26(2) of the Gift Tax Act when the assessee withdraws the reference or shows no interest in pursuing it. Applying established precedent, the court held that it was not bound to proceed where the party at whose instance the reference was made no longer wished to press it, and distinguished authority where a reference was answered because the issue had already been finally determined by the Supreme Court. Exercising its discretion, the court acceded to the assessee's request, declined to answer the reference, and directed payment of the reference costs to the department together with an advocate's fee. en-us Mon, 31 Jul 1972 00:00:00 +0530 Fri, 19 Jun 2009 11:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9080 A High Court may decline to answer a reference under section 26(2) of the Gift Tax Act when the assessee withdraws the reference or shows no interest in pursuing it. Applying established precedent, the court held that it was not bound to proceed where the party at whose instance the reference was made no longer wished to press it, and distinguished authority where a reference was answered because the issue had already been finally determined by the Supreme Court. Exercising its discretion, the court acceded to the assessee's request, declined to answer the reference, and directed payment of the reference costs to the department together with an advocate's fee. Case-Laws Income Tax Mon, 31 Jul 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9080