2002 (7) TMI 4 - HC - Income Tax

Reference to HC registration of firm - Tribunal rejected the applicant s prayer made under section 256(1) - we deem it proper to call for a reference from the Tribunal - Accordingly, we allow the application and direct the ITAT, to refer the following question to be answered by this court Whether, Tribunal was justified in directing to grant registration of the firm for the assessment years 1983-84 and 1984-85 and continuation of registration for the assessment years 1986-87 and 1987-88?

Summary

The High Court of Madhya Pradesh directed the Income-tax Appellate Tribunal to refer a question regarding the registration of a firm under the Income-tax Act for assessment years 1986-87 and 1987-88. The Tribunal's decision was influenced by a previous court ruling, but the High Court deemed it necessary to resolve the question. The application was allowed with no order as to costs.