1988 (6) TMI 16 - HC - Income Tax

Summary

The High Court of Andhra Pradesh upheld the decision to grant registration to a firm for the assessment year 1977-78. The Income-tax Appellate Tribunal confirmed the order passed by the Commissioner of Income-tax (Appeals) despite initial refusal by the Income-tax Officer. The Appellate Assistant Commissioner accepted the explanation for non-production of account books, leading to the justification for registration. The Tribunal's decision was deemed justified, and the question was answered in favor of the assessee.