https://www.taxtmi.com/caselaws?id=65806 The Appellate Tribunal ITAT GAUHATI upheld the Assessing Officer's decision to grant registration to the assessee firm for the assessment year 1976-77. Despite the Income Tax Officer's concerns regarding partners' absence and financial transactions with another entity, the Tribunal found the firm genuine and eligible for registration. It emphasized that occasional partner absence and dealings with other firms did not warrant denial of registration, especially when the firm's capital was based on partners' contributions. The Tribunal dismissed the departmental appeal, affirming the grant of registration to the assessee firm. en-us Tue, 29 May 1984 00:00:00 +0530 Fri, 18 Feb 2011 17:55:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65806 The Appellate Tribunal ITAT GAUHATI upheld the Assessing Officer's decision to grant registration to the assessee firm for the assessment year 1976-77. Despite the Income Tax Officer's concerns regarding partners' absence and financial transactions with another entity, the Tribunal found the firm genuine and eligible for registration. It emphasized that occasional partner absence and dealings with other firms did not warrant denial of registration, especially when the firm's capital was based on partners' contributions. The Tribunal dismissed the departmental appeal, affirming the grant of registration to the assessee firm. Case-Laws Income Tax Tue, 29 May 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65806