https://www.taxtmi.com/caselaws?id=66502 The Appellate Tribunal ITAT Hyderabad-B dismissed the revenue's appeal, upholding the registration granted to the reconstituted partnership firm for the assessment year 1981-82. The Tribunal found the firm genuine as it was formed to continue the existing business, despite a temporary pause due to transfer to a private limited company. Emphasizing the partners' ongoing efforts to promote the business during the pause in income generation, the Tribunal affirmed the decision of the Commissioner (Appeals) and confirmed the registration of the partnership firm. en-us Tue, 02 Jun 1987 00:00:00 +0530 Sat, 26 Feb 2011 12:03:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66502 The Appellate Tribunal ITAT Hyderabad-B dismissed the revenue's appeal, upholding the registration granted to the reconstituted partnership firm for the assessment year 1981-82. The Tribunal found the firm genuine as it was formed to continue the existing business, despite a temporary pause due to transfer to a private limited company. Emphasizing the partners' ongoing efforts to promote the business during the pause in income generation, the Tribunal affirmed the decision of the Commissioner (Appeals) and confirmed the registration of the partnership firm. Case-Laws Income Tax Tue, 02 Jun 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66502