1990 (10) TMI 51

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..... hether, on the facts and in the circumstances of the case, the assessee was entitled to grant of registration for the assessment year 1973-74 ?" An application for fresh registration in Form No. 11-A was filed by the firm on May 18, 1972, for the assessment year 1973-74 along with a deed of partnership. The partnership deed shows that a minor, Sri Sanjai Kumar, was admitted to the benefits of pa .....

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..... of a sum of Rs. 29,000 by the grandfather of the said minor to the minor by way of a book entry when the cash amount available in the books of the firm was very small. But it does not appear that this line was pursued further by the Income-tax Officer. The first appellate authority has not even referred to this aspect. There is also no finding by the Income-tax Officer that the firm is not genuine .....

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