1988 (11) TMI 82 - HC - Income Tax

Summary

The High Court of Punjab and Haryana ruled that the assessee-firm was entitled to registration under section 185(1)(a) of the Income-tax Act for the assessment year 1973-74. The court found that the partnership deed was validly constituted even though one partner had been a minor for a short period. The judgment favored the assessee, and the Tribunal's decision was upheld.