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1964 (12) TMI 5 - SC - Income TaxWhether, on the facts and circumstances of the case, the assessee is entitled to registration under section 26A of the Income-tax Act 1922 ? Held that:- Unable to appreciate how a defect (even if there be one in the agreement constituting the yarn firm) affects the right of the appellant-firm to be registered. If the statutory conditions which qualify the appellants for registration are fulfilled, an arrangement between some of the partners of the appellants which binds them to distribute the profits under a stipulation which is not a part of the partnership agreement does not affect the right to claim registration of the partnership agreement. Appeal allowed.
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