2003 (9) TMI 58 - HC - Income Tax

Appeal is directed against the order passed by the Tribunal upholding the order passed by the Commissioner of income-tax whereby registration was granted to the firm after setting aside the order of the Assessing Officer cancelling the registration of the firm - It was for the authorities to decide as to whether the mistake on the part of the partners was intentional or bona fide. Both the authorities have found that it was a bona fide mistake and not intentional - In such a situation this court does not find any substantial question of law involved in this case justifying interference with the impugned order - In the result this revenue s appeal is dismissed.

Summary

The High Court of Patna upheld the Income-tax Appellate Tribunal's decision to grant registration to a firm after a mistake in profit distribution. The mistake was deemed bona fide and not intentional. The appeal against this decision was dismissed.