https://www.taxtmi.com/caselaws?id=66492 The Tribunal upheld the CIT(A)'s decision to grant continuation of registration for the assessee firm, emphasizing that distribution of profits according to the partnership deed is not a prerequisite for continuation under section 184(7). The Tribunal highlighted that issues regarding the genuineness of the firm could be addressed under section 186, allowing for cancellation of registration if the firm is found non-genuine. The department's appeal was dismissed, affirming the validity of the continuation of registration for the firm. en-us Fri, 27 Feb 1987 00:00:00 +0530 Sat, 26 Feb 2011 11:33:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66492 The Tribunal upheld the CIT(A)'s decision to grant continuation of registration for the assessee firm, emphasizing that distribution of profits according to the partnership deed is not a prerequisite for continuation under section 184(7). The Tribunal highlighted that issues regarding the genuineness of the firm could be addressed under section 186, allowing for cancellation of registration if the firm is found non-genuine. The department's appeal was dismissed, affirming the validity of the continuation of registration for the firm. Case-Laws Income Tax Fri, 27 Feb 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66492