TMI Blog1972 (6) TMI 5X X X X Extracts X X X X X X X X Extracts X X X X ..... was right in holding that the rejection of the application for registration cannot be sustained - - - - - Dated:- 29-6-1972 - Judge(s) : V. RAMASWAMY., RAMANUJAM. JUDGMENT The judgment of the court was delivered by V. RAMASWAMI J. - The question that has been referred in this reference under section 256(1) of the Income-tax Act, 1961, is as follows : " Whether, on the facts and in the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e firm on March 31, 1963. The Income-tax Officer and the Appellate Assistant Commissioner held that, since one of the sheets of the partnership deed had been substituted and as there was no evidence to show as to when that was actually substituted, it was not entitled for registration. The Tribunal held that the substitution by itself will not disentitle the assessee for registration. The Tribunal ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the Tribunal, there is no evidence to show that the accounts of the partnership were closed on any date prior to March 31, 1963. The result is that the substituted page also had come into existence during the period of the accounting year. On these findings, the Tribunal was right in holding that the rejection of the application for registration cannot be sustained. We, accordingly, confirm the ..... X X X X Extracts X X X X X X X X Extracts X X X X
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