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2006 (7) TMI 131 - GUJARAT HIGH COURTPartnership - registration under section 185 - "Whether, Tribunal was right in law in holding that the partnership consisting of the trustees deriving authority under the different trust deeds was genuine and valid, and whether such partnership was entitled to registration under section 185 of the Income-tax Act, 1961 for the assessment year 1975-76, and continuation thereof for the subsequent assessment years?" - held that the trust deed did not confer any authority upon the trustees, and, on the facts and in the circumstances of the case, the partnership, created by seven representatives of different trusts, was not entitled to registration under section 185 of the Income-tax Act, 1961, and that the Assessing Officer was justified in canceling its registration for the year 1975-76 and was also justified in refusing renewal of the said registration.
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