1982 (4) TMI 159 - AT - Income Tax

Summary

The Appellate Tribunal ITAT Jaipur allowed the appeal by the assessee for the assessment year 1978-79. The Tribunal held that the authorities wrongly rejected the claim of the assessee for registration based on the incorrect division of profits in the partnership deed. The share ratio in the deed was not deviated knowingly by the assessee. The appeal was allowed.