Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1970 (8) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1970 (8) TMI 26 - HC - Income TaxAssessee had been refused registration under section 185(1)(b) of the Income-tax Act, 1961, on the ground that the element of agency which is an essential ingredient to constitute a valid partnership was absent - clause 5 of the deed of partnership is not repugnant to the provisions of the Act and it cannot be said that, in view of the provisions of clause 5, the element of agency is lacking - Tribunal was not right in law in holding that the assessee was not entitled to the benefit of registration
|