1969 (4) TMI 5 - HC - Income Tax

Summary

The High Court of Madras upheld the grant of registration to the assessee for the assessment years 1958-59 and 1959-60. The Tribunal found that all requirements for registration had been met, entitling the assessee to renewal of registration. The revenue's refusal based on profit sharing among partners did not justify denial of registration. The court ruled in favor of the assessee, citing Commissioner of Income-tax v. A. Abdul Rahim and Co. Costs awarded to the assessee.