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2004 (9) TMI 60 - ALLAHABAD HIGH COURTFirm - "1. Whether Tribunal was justified in law in holding that the two firms were entirely distinct and separate entities and, therefore, on the basis of two returns filed for the periods April 1, 1978 to May 31, 1978, and June 1, 1978 to March 31, 1979 two separate assessments have to be made by the Income-tax Officer? 2. Whether Tribunal was justified in law in upholding the order of Commissioner directing the Income-tax Officer to grant registration to the assessee-firm for the assessment year 1979-80 in question?" - We answer the first question of law in the negative, i.e., in favour of the Revenue and against the assessee, and the second question of law in the affirmative, i.e., in favour of the assessee and against the Revenue.
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