1978 (12) TMI 63 - AT - Income Tax

Summary

The appellant firm, with two partners, faced automatic dissolution when one partner retired. The firm filed Form No. 11 for registration, but authorities denied it for not filing Form 11A. The Tribunal ruled in favor of the appellant, stating that the new firm was entitled to registration as the retirement led to automatic dissolution. The ITO was directed to grant registration for the relevant assessment year. The appeal was allowed.