https://www.taxtmi.com/caselaws?id=67820 A partnership firm's registration cannot be rejected merely because its books initially recorded an equal profit split when the deed prescribed a different 60:40 ratio. The incorrect entries were rectified before the income-tax enquiry began, showing an inadvertent bookkeeping error rather than any deliberate departure from the deed. On that basis, the objection to registration was unsustainable, and the assessee succeeded on the issue. en-us Thu, 08 Apr 1982 00:00:00 +0530 Mon, 14 Mar 2011 18:21:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67820 A partnership firm's registration cannot be rejected merely because its books initially recorded an equal profit split when the deed prescribed a different 60:40 ratio. The incorrect entries were rectified before the income-tax enquiry began, showing an inadvertent bookkeeping error rather than any deliberate departure from the deed. On that basis, the objection to registration was unsustainable, and the assessee succeeded on the issue. Case-Laws Income Tax Thu, 08 Apr 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67820