https://www.taxtmi.com/caselaws?id=62243 The Tribunal upheld the refusal of firm registration but provided relief to the assessee by directing the Assessing Officer to deduct Rs. 8,63,406 for kist payable, allow depreciation of Rs. 42,700, and correct the arrack duty deduction by allowing an additional Rs. 1,47,031. The appeal was partly allowed, resulting in a mixed outcome for the parties involved in the case. en-us Thu, 28 Jul 1994 00:00:00 +0530 Tue, 18 Jan 2011 17:29:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62243 The Tribunal upheld the refusal of firm registration but provided relief to the assessee by directing the Assessing Officer to deduct Rs. 8,63,406 for kist payable, allow depreciation of Rs. 42,700, and correct the arrack duty deduction by allowing an additional Rs. 1,47,031. The appeal was partly allowed, resulting in a mixed outcome for the parties involved in the case. Case-Laws Income Tax Thu, 28 Jul 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62243