1980 (1) TMI 80 - HC - Income Tax

Summary

The High Court of Allahabad held that the firm was not entitled to the continuance of registration for the assessment years 1966-67 and 1967-68 as they did not file the required declaration in Form No. 12 or a return of income. The court ruled against the assessee, stating that compliance with both conditions was mandatory. The department was awarded costs of Rs. 200. (Case Citation: 1980 (1) TMI 80 - ALLAHABAD High Court)