1969 (2) TMI 26

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..... istration under section 26A is not justified - - - - - Dated:- 12-2-1969 - Judge(s) : VEERASWAMI., RAMAPRASADA RAO. JUDGMENT The judgment of the court was delivered by VEERASWAMI J.-The two references pertain to the assessment years 1960-61 and 1962-63. The Tribunal has found that the assessee-firm plied three lorries during the first year and two lorries during the second which they own .....

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..... assessment years, 1960-61 and 1962-63, is justified in law ? " Our attention has been invited to an unreported judgment of the Supreme Court in Civil Appeal No. 1453 of 1966 and it is contended that, in view of it, the Tribunal's order can no longer be sustained. In that case, which went to the Supreme Court, the view taken by this High Court in Viswanathan v. Shanmugham was that a benamidar of .....

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..... d and not frowned upon. (See Gurnarayan v. Sheolal Singh). In Commissioner of Income-tax v. Abdul Rahim Co. it was held by this court that the registration of the partnership deed under section 26A of the Indian Income-tax Act, 1922, cannot be refused on the ground that was the benamidar of V. We see nothing in the Act which expressly or by implication bars benami transactions or persons ownin .....

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