https://www.taxtmi.com/caselaws?id=71123 The Appellate Tribunal upheld the cancellation of the firm's registration under section 186(2) of the IT Act due to non-compliance with notices. The Tribunal emphasized that the Income-tax Officer must exercise discretion before cancelling registration based on the circumstances of non-compliance. Additionally, the Tribunal confirmed the assessment of income for the assessment year 1973-74, based on reasonable estimates made by the Income-tax Officer. Both the assessee and the Department's appeals were dismissed, affirming the cancellation of registration and the assessment of income. en-us Mon, 10 Apr 1978 00:00:00 +0530 Thu, 21 Apr 2011 15:00:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71123 The Appellate Tribunal upheld the cancellation of the firm's registration under section 186(2) of the IT Act due to non-compliance with notices. The Tribunal emphasized that the Income-tax Officer must exercise discretion before cancelling registration based on the circumstances of non-compliance. Additionally, the Tribunal confirmed the assessment of income for the assessment year 1973-74, based on reasonable estimates made by the Income-tax Officer. Both the assessee and the Department's appeals were dismissed, affirming the cancellation of registration and the assessment of income. Case-Laws Income Tax Mon, 10 Apr 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71123