9911796707
TMI Blog1978 (7) TMI 176X X X X Extracts X X X X X X X X Extracts X X X X ..... he status of the assessee as unregistered firm for the assessment year 1973-74. 2. The assessee firm is constituted under deed dated 25th March, 1973. It filed an application in form No. 11 on 31st Mar., 1973. The ITO refused registration on the ground that the firm did not maintain any accounts and that further the profits of the firm were not divided at all. He also observed that the partners ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... in the statement filed along with the return filed by the assessee. In these circumstances he urged that there is no impediment to the grant of registration to the assessee firm. He relied upon the ruling of the Andhra Pradesh High Court in the case of Grand Hotel vs. CIT. Hyderabad(1), and also on the unreported decision of the same High Court in the case of CIT, Hyderabad vs. M/s Armoo Co. Sec ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ion of a minor bridge and approach to the same at mile No. 55/3, Hyderabad Sholapur Road and 14 bedded Hospital building at Kodir Mokak District. It is no doubt true that no accounts were maintained for the business of the assessee firm. But in the statement filed along with the return of the income details were furnished as to how the income was estimated applying a fixed rate of profit and as to ..... X X X X Extracts X X X X X X X X Extracts X X X X
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