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1961 (3) TMI 6 - SC - Income TaxWhether the assessee firm is entitled to registration under section 26A of the Income-tax Act for the assessment year 1955-56 ? Held that:- In the present case an instrument of partnership was in existence but it did not specify the shares which was one of the requirements for registration and that condition was fulfilled by the deed of rectification dated September 17, 1955. Therefore, it cannot be said that there was the requisite instrument of partnership specifying the individual shares of the partners during the year of account. The High Court, in our opinion, was right in answering the question in the negative. Appeal dismissed.
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