1993 (1) TMI 62

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..... e Tribunal gives rise to any statable question of law. The order passed by the Income-tax Appellate Tribunal is concluded by findings of fact. The question for consideration before the Tribunal was whether the Income-tax Officer rightly refused registration to the assessee-firm for the assessment year 1983-84 on the finding that no genuine firm had come into existence. The registration was refused .....

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..... that the partners had also operated their accounts. Further, the mere fact that two partners had actually controlled the business and the others had been dormant partners does not invalidate the partnership agreement. In fact the assessment of two partners had also been completed taking their share from the firm as share from a registered firm. On further appeal, at the instance of the Revenue, to .....

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..... rticipate in carrying on of the business. Likewise, law also does not require that every partner must contribute capital. The considerations on which the registration was refused by the Income-tax Officer, being unsustainable, the Income-tax Appellate Tribunal, in our opinion, was right in directing the grant of registration to the assessee-firm. This application under section 256(2) of the Inco .....

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