Assessment year independence in registration matters: pending earlier-year proceedings do not bar continuation for a later year.

Continuation of registration for the assessment year 1983-84 could not be refused merely because the grant of registration for 1981-82 was still pending. The firm had filed the prescribed application, it was properly verified, and there was no dispute about acknowledgment or any change in the firm's constitution. Each assessment year must be considered on its own facts, and a pending issue for an earlier year does not automatically control the later year, though the revenue may examine genuineness separately where warranted. On that basis, continuation of registration for 1983-84 was upheld and the objection based on the pending 1981-82 matter was rejected.

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Issues: Whether continuation of registration for the assessment year 1983-84 could be refused merely because the grant of registration for the assessment year 1981-82 was still pending.

Analysis: The firm had applied for continuation of registration in the prescribed form, the application was verified, and there was no dispute about the acknowledgment or any change in the constitution of the firm. The pending consideration for an earlier assessment year did not control the decision for the year under appeal, since each assessment year stands on its own facts and the revenue could examine genuineness separately for other years if warranted.

Conclusion: Continuation of registration for the assessment year 1983-84 was rightly granted and the objection based on the pending issue for 1981-82 was rejected.

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