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2004 (12) TMI 46 - HC - Income TaxFirm – registration – AO was of the opinion that the registration could not be granted to the partnership firm as the firm was not a genuine firm because the three individuals, representing their respective associations of persons, were not the real partners. That some of the members of the said associations of persons were minors. That the associations of persons had been constituted with the sole object of reducing the tax liabilities. He, accordingly, refused registration. - Tribunal held that the assessee-firm had complied with the statutory requirements prescribed for seeking registration, and the Assessing Officer had not found any fault with the said application. That the ground regarding minor being a member of the associations of persons was not valid – Thus, assessee is entitled to registration
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