1991 (1) TMI 58

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..... come-tax Appellate Tribunal, Delhi Bench 'A', New Delhi : "Whether, on the facts and in the circumstances of the case, the Tribunal was legally correct in upholding the Appellate Assistant Commissioner's order that only 50 per cent. of the income from the business styled as Messrs. Moradabad Gun House, Moradabad, was to be included in the hands of Shri K. N. Sharma for the assessment years 1967- .....

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..... said business in the individual assessment of the assessee. On appeal, the Appellate Assistant Commissioner allowed the appeal holding that inasmuch registration has been granted to the aforesaid partnership firm, the assessee's share must be only half of the income arising from the said business. This view has been affirmed by the Tribunal. The assessment relating to grant of registration to the .....

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