https://www.taxtmi.com/caselaws?id=66507 The Tribunal overturned the Commissioner's decision, reinstating registration benefits for the firm for the assessment years 1972-73 to 1975-76. The Tribunal emphasized the importance of considering the substance of the affidavits and the firm's compliance with directives and circulars, rather than a strict interpretation. The firm's explanation regarding the mistake in the 1977-78 assessment year was accepted, and it was determined that the minors who had attained majority were not legally obligated to share losses without a new partnership deed. en-us Wed, 27 Apr 1988 00:00:00 +0530 Sat, 26 Feb 2011 12:20:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66507 The Tribunal overturned the Commissioner's decision, reinstating registration benefits for the firm for the assessment years 1972-73 to 1975-76. The Tribunal emphasized the importance of considering the substance of the affidavits and the firm's compliance with directives and circulars, rather than a strict interpretation. The firm's explanation regarding the mistake in the 1977-78 assessment year was accepted, and it was determined that the minors who had attained majority were not legally obligated to share losses without a new partnership deed. Case-Laws Income Tax Wed, 27 Apr 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66507