https://www.taxtmi.com/caselaws?id=71602 Continuation of registration of a firm under section 184(7) cannot be cancelled under section 186 merely because profits from undisclosed business were not shown as distributed among partners. Form No. 12 requires only a declaration that there has been no change in the constitution of the firm or in the partners' shares; it does not require certification of profit apportionment. The revenue precedent based on the 1922 Act was inapplicable because that scheme required a different form of certification. In the absence of a finding that the firm was not genuine, or that the constitution or profit-sharing shares had changed, cancellation was not justified. en-us Thu, 10 Dec 1981 00:00:00 +0530 Mon, 25 Apr 2011 18:37:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71602 Continuation of registration of a firm under section 184(7) cannot be cancelled under section 186 merely because profits from undisclosed business were not shown as distributed among partners. Form No. 12 requires only a declaration that there has been no change in the constitution of the firm or in the partners' shares; it does not require certification of profit apportionment. The revenue precedent based on the 1922 Act was inapplicable because that scheme required a different form of certification. In the absence of a finding that the firm was not genuine, or that the constitution or profit-sharing shares had changed, cancellation was not justified. Case-Laws Income Tax Thu, 10 Dec 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71602