https://www.taxtmi.com/caselaws?id=62974 The Tribunal allowed the appeal by the assessee, holding that the firm was entitled to the continuation of registration under section 184(7) of the Income-tax Act, 1961 for the assessment year 1975-76. The Income Tax Officer's disallowance was overturned as the division of profits, although not in accordance with the Indian Partnership Act, 1932, did not warrant cancellation of registration under section 186(1). The Tribunal emphasized that defects in the partnership deed or profit distribution should not impede registration continuation if the application was timely and compliant. en-us Wed, 09 Dec 1981 00:00:00 +0530 Tue, 25 Jan 2011 19:45:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62974 The Tribunal allowed the appeal by the assessee, holding that the firm was entitled to the continuation of registration under section 184(7) of the Income-tax Act, 1961 for the assessment year 1975-76. The Income Tax Officer's disallowance was overturned as the division of profits, although not in accordance with the Indian Partnership Act, 1932, did not warrant cancellation of registration under section 186(1). The Tribunal emphasized that defects in the partnership deed or profit distribution should not impede registration continuation if the application was timely and compliant. Case-Laws Income Tax Wed, 09 Dec 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62974