1992 (11) TMI 17 - HC - Income Tax

Summary

The High Court of Bombay ruled in favor of the assessee partnership firm regarding the registration claim for the assessment year 1973-74. The Income-tax Officer was directed to reconsider the claim, allowing the firm a reasonable opportunity to rectify the delay in application. The Tribunal's decision was supported, and the question was answered in favor of the assessee. No costs were awarded. (Case citation: 1992 (11) TMI 17 - BOMBAY High Court)