1989 (1) TMI 56 - HC - Income Tax

Summary

The High Court of Punjab and Haryana upheld the Income-tax Officer's refusal to grant registration to an assessee-firm for non-compliance with notice under section 142(1) of the Income-tax Act, 1961. The court found no error in the Officer's exercise of discretion and rejected the assessee's appeal. The court clarified that the Officer can simultaneously deal with matters under sections 142(1) and 144 of the Act. The reference was answered in favor of the Revenue, with no costs awarded.