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of <h1>Amendment to Section 185(1) Requires Partnership Firms to Declare No Benamidar Partners; New Forms Introduced.</h1> The circular addresses the amendment of Section 185(1) by the Taxation Laws (Amendment) Act, 1970, effective from April 1, 1971. It mandates that partnership firms must declare that no partner is a benamidar of another unrelated partner to maintain registration. New application forms (Nos. 11, 11A, and 12) reflect this change. For assessment years 1971-72 and 1972-73, firms that filed using old forms are allowed to submit applications in the revised forms within a month of notification. This provision aims to alleviate difficulties due to the unavailability of new forms in certain areas.
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