1991 (8) TMI 16

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..... estion has been referred under section 256(1) of the Income-tax Act, 1961, for the opinion of this court : " Whether, on the facts and in the circumstances of the case, and having regard to the provisions of section 187(2) of the Income-tax Act, 1961, the Tribunal was justified in confirming the order of the Appellate Assistant Commissioner of Income-tax holding that registration could be granted .....

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..... ed to do so. As the application for registration was filed after the expiry of the period of limitation, the delay was condoned by the Income-tax Officer on the prayer of the reconstituted firm, We have heard Mr. Talukdar, learned counsel for the Revenue, and Mr. J. P. Bhattacharjee, learned senior counsel for the assessee. Mr. Bhattacharjee has urged that this question is covered by the decisio .....

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..... ss there is any change in the constitution of the firm or the shares of the partners, and if there is a change in the constitution of the firm, then in such a case, the registration will not be continued for subsequent years but will have to be applied for afresh. It was also held that it is settled law that dissolution does not take place by death if there is a contract to the contrary. In that c .....

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