https://www.taxtmi.com/caselaws?id=25455 Under Section 256(2) of the Income-tax Act, the High Court noted that a referred question need not be answered where the assessee states it is not interested in the reference and the Revenue does not press for adjudication. Applying the earlier rulings in Gajadhar Prasad Nathulal and Smt. Indramanidevi Parasrampuria, the court treated the absence of interest from both sides as a basis to decline consideration of the legal question. The reference was disposed of without examining the merits of the assessment issues, and each party was left to bear its own costs. en-us Wed, 24 Jun 1987 00:00:00 +0530 Thu, 28 Jan 2010 16:51:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25455 Under Section 256(2) of the Income-tax Act, the High Court noted that a referred question need not be answered where the assessee states it is not interested in the reference and the Revenue does not press for adjudication. Applying the earlier rulings in Gajadhar Prasad Nathulal and Smt. Indramanidevi Parasrampuria, the court treated the absence of interest from both sides as a basis to decline consideration of the legal question. The reference was disposed of without examining the merits of the assessment issues, and each party was left to bear its own costs. Case-Laws Income Tax Wed, 24 Jun 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25455