1977 (11) TMI 38 - HC - Income Tax

Summary

The Bombay High Court ruled in favor of the assessee, granting registration under section 26A of the Income-tax Act, 1922. The court found the partnership to be valid and genuine, citing the decision in R. K. Dhingra & Co. v. Commissioner of Income-tax [1976] 102 ITR 643 (Bom). The Tribunal's conclusion supported the validity and genuineness of the partnership, leading to a favorable outcome for the assessee.