https://www.taxtmi.com/caselaws?id=66848 The Appellate Tribunal ITAT INDORE dismissed the appeal, affirming the refusal to renew registration for the assessee firm due to non-compliance with profit distribution requirements outlined in the partnership deed. The Tribunal held that without new evidence justifying a different conclusion from the previous year's findings, the refusal was upheld, citing the principle of res judicata in tax assessments. The decision emphasized the importance of adhering to partnership deed provisions for determining real income for penalty purposes. en-us Thu, 22 May 1986 00:00:00 +0530 Mon, 07 Mar 2011 17:06:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66848 The Appellate Tribunal ITAT INDORE dismissed the appeal, affirming the refusal to renew registration for the assessee firm due to non-compliance with profit distribution requirements outlined in the partnership deed. The Tribunal held that without new evidence justifying a different conclusion from the previous year's findings, the refusal was upheld, citing the principle of res judicata in tax assessments. The decision emphasized the importance of adhering to partnership deed provisions for determining real income for penalty purposes. Case-Laws Income Tax Thu, 22 May 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66848