1988 (1) TMI 18 - HC - Income Tax

Summary

The High Court of Madhya Pradesh upheld the decision of the authorities below in refusing registration to an assessee-firm, citing that no genuine firm had come into existence. The court ruled in favor of the Revenue, stating that the genuineness of a firm is a question of fact and cannot be challenged in this reference. The assessee did not challenge the finding before the Tribunal. The question was answered in the affirmative, against the assessee.