1988 (10) TMI 14 - HC - Income Tax

Summary

The High Court of Punjab and Haryana ruled in favor of the assessee, citing a previous decision in CIT v. Ram Narain [1980] 126 ITR 267. The assessment of the assessee as an unregistered firm was canceled due to a memorandum of partial partition not creating a sub-partnership relation. The court answered the question in the affirmative and in favor of the assessee, with no order as to costs.