1989 (7) TMI 92 - HC - Income Tax

Summary

The High Court of Allahabad ruled in favor of the assessee in a case involving the validity of a partnership between the karta of a Hindu undivided family and coparceners. The court held that such a partnership was valid under the law. The Income-tax Officer's decision to refuse registration of the firm was overturned by the Tribunal. The court answered both questions in favor of the assessee. (Case citation: 1989 (7) TMI 92 - Allahabad High Court)