https://www.taxtmi.com/caselaws?id=70593 The Appellate Tribunal ITAT MADRAS-D allowed the appeal and directed the Income Tax Officer to grant registration to the firm for the assessment year 1977-78. The Tribunal held that the alteration of the accounting year without permission did not warrant refusal of registration, emphasizing that the constitution of the firm, not the accounting year, is crucial for registration under Section 185 of the Income Tax Act. The Tribunal found no violation of rules by the assessee and concluded that changing the accounting year did not affect profit-sharing ratios among partners as specified in the partnership deed. en-us Mon, 06 Sep 1982 00:00:00 +0530 Mon, 18 Apr 2011 11:00:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70593 The Appellate Tribunal ITAT MADRAS-D allowed the appeal and directed the Income Tax Officer to grant registration to the firm for the assessment year 1977-78. The Tribunal held that the alteration of the accounting year without permission did not warrant refusal of registration, emphasizing that the constitution of the firm, not the accounting year, is crucial for registration under Section 185 of the Income Tax Act. The Tribunal found no violation of rules by the assessee and concluded that changing the accounting year did not affect profit-sharing ratios among partners as specified in the partnership deed. Case-Laws Income Tax Mon, 06 Sep 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70593