1976 (7) TMI 79 - AT - Income Tax

Summary

The appeal relates to the disallowance of registration to the assessee firm due to a minor partner attaining majority and a delayed application. The ITAT Delhi-E held that the grounds were insufficient to reject registration. Citing CBDT Circular and court precedents, registration cannot be refused for not executing a new deed upon a minor partner attaining majority. The delayed application by the minor partner did not warrant rejection. The ITAT directed the ITO to grant registration to the assessee firm. The appeal was allowed.