Court cancels assessment for unregistered firm due to insufficient evidence of sub-partnership.

The High Court of Punjab and Haryana ruled in favor of the assessee, cancelling the assessment as an unregistered firm due to a memorandum of partial partition not establishing a sub-partnership relation. The court's decision was in line with the precedent set in CIT v. Ram Narain [1980] 126 ITR 267, with no order as to costs.

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The High Court of Punjab and Haryana ruled in favor of the assessee, citing a previous decision in CIT v. Ram Narain [1980] 126 ITR 267. The assessment of the assessee as an unregistered firm was canceled due to a memorandum of partial partition not creating a sub-partnership relation. The court answered the question in the affirmative and in favor of the assessee, with no order as to costs.

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