1989 (3) TMI 18 - HC - Income Tax

Summary

The High Court of Calcutta upheld the Tribunal's decision to grant continuation of registration to the assessee firm for the assessment years 1971-72, 1972-73, and 1973-74. The Tribunal found no error of law as the assessee had complied with all legal requirements, following the precedent set in the case of Sandersons and Morgans v. ITO [1973] 87 ITR 270. The question of law was answered in favor of the assessee. No costs were awarded.