2000 (9) TMI 61

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..... question has been referred by the Income-tax Appellate Tribunal, Delhi Bench-C (in short "the Tribunal"), under section 256(1) of the Income-tax Act, 1961 (in short "the Act"), for the opinion of this court : "Whether, on the facts and in the circumstances of the case, the Tribunal is correct in law in allowing registration to the assessee-firm for the assessment year 1972-73 ?" The factual po .....

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..... Kr. Rastogi 25/80 Son Smt. Chandrakanta Devi Rastogi 25/80 Mother Shri Mahesh Kr. Rastogi 5/80 Son ---------------------------------------------------------------------------------------------------------------------------------------------------- Prior to July 1, 1970, there was a differently constituted firm which was allowed registration. The Assessing Officer noticed that as per copies .....

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..... 1970, due to clerical error. There was as such no crediting of profit of the year to the accounts of the partners in the books of account of the relevant year. This wrong allocation was made only in the statement of accounts submitted for assessment. On being aware of the clerical error, the assessee credited the shares of profits in the books of account in terms of the partnership deed. The Trib .....

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