1984 (2) TMI 186 - AT - Income Tax

Summary

The appeal was filed against the order of the AAC regarding the refusal of registration to the assessee firm for the assessment year 1978-79. The firm was found to have existed since October 24, 1976, and the registration form was filed on November 5, 1977, after the firm had closed on July 31, 1977. The ITAT directed the ITO to grant registration to the firm, stating that the delay in filing the form was a minor breach of law and not a sufficient reason for refusal. The appeal was allowed.