1996 (7) TMI 20 - HC - Income Tax

Summary

The High Court of Madhya Pradesh ruled in an income-tax reference case that a statutory notice of 14 days was required before refusing continuation of registration to an assessee-firm. The court upheld the Deputy Commissioner's decision and set aside the Income-tax Officer's view. The Tribunal's decision was justified, and Question 1 was answered against the Revenue in favor of the assessee. Question 2 did not require an answer as the conditions for invoking section 144 of the Income-tax Act were met.