https://www.taxtmi.com/caselaws?id=69018 The case involved appeals by the Revenue against an order regarding a partnership firm seeking continuation of registration under Section 184(7) of the Income-tax Act. The firm faced allegations of undisclosed profits by one partner, leading to a dispute over the firm's entitlement to registration. The Commissioner (Appeals) ruled in favor of the firm, emphasizing that secret profits by one partner do not invalidate registration if there are no changes in the firm's constitution or profit-sharing ratio. Legal precedents were cited to support this interpretation, ultimately upholding the firm's right to continuation of registration. en-us Fri, 30 Jun 1989 00:00:00 +0530 Mon, 04 Apr 2011 15:31:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=69018 The case involved appeals by the Revenue against an order regarding a partnership firm seeking continuation of registration under Section 184(7) of the Income-tax Act. The firm faced allegations of undisclosed profits by one partner, leading to a dispute over the firm's entitlement to registration. The Commissioner (Appeals) ruled in favor of the firm, emphasizing that secret profits by one partner do not invalidate registration if there are no changes in the firm's constitution or profit-sharing ratio. Legal precedents were cited to support this interpretation, ultimately upholding the firm's right to continuation of registration. Case-Laws Income Tax Fri, 30 Jun 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=69018