1976 (11) TMI 74 - AT - Income Tax

Summary

The appeal was filed by the Department challenging the grant of registration to the assessee firm under s. 185 for the asst. yr. 1971-72. The AAC directed the ITO to reconsider the status after examining the genuineness of the firm, stating the objection of the ITO was merely technical. The Tribunal agreed with the AAC, noting that the deed was in existence earlier, and dismissed the appeal. (Case: Abdul Shakoor & Co. vs. CIT)