2001 (9) TMI 18 - HC - Income Tax

Reference, Firm, Registration - Considering all facts and circumstances, in our view, the following substantial question of law arises for consideration of this court 1. Whether, on the facts and in the circumstances of the case, the Tribunal is justified in law in allowing registration to the assessee-firm whereas the assessee-firm itself had filed return in the status of an URF, and this case was of fresh registration of the firm?

Summary

The High Court of Rajasthan considered whether a firm is eligible for registration if it did not strictly comply with the relevant provisions of the Act. The court admitted the substantial question of law regarding the justification of allowing registration to the assessee-firm. The case involved a dispute over the status of the firm during a fresh registration process. The court issued a notice for further proceedings.