1972 (6) TMI 5 - HC - Income Tax

Whether, on the facts and in the circumstances of the case, the Appellate Tribunal was right in law in holding that the assessee-firm was entitled to the grant of registration for the assessment year 1963-64 under section 185 of the Income-tax Act, 1961 held that, Tribunal was right in holding that the rejection of the application for registration cannot be sustained

Summary

The High Court of Madras confirmed the Tribunal's decision that an assessee-firm was entitled to registration for the assessment year 1963-64 under section 185 of the Income-tax Act, 1961. The Tribunal found that the substitution of a page in the original partnership deed did not disqualify the firm from registration, as there was no evidence of tampering with the accounts. The court ruled against the revenue, with no costs awarded.