https://www.taxtmi.com/caselaws?id=71801 The Tribunal found procedural lapses by the ITO in a partnership firm registration case. It highlighted failures in passing a specific order, lack of proper inquiry into genuineness, and denying the firm an opportunity to be heard. Emphasizing mutual promises and sharing of losses as valid consideration, the Tribunal set aside the AAC's decision and remanded the matter to the ITO for reevaluation. The appeal was allowed for statistical purposes. en-us Fri, 27 Sep 1991 00:00:00 +0530 Wed, 27 Apr 2011 11:39:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71801 The Tribunal found procedural lapses by the ITO in a partnership firm registration case. It highlighted failures in passing a specific order, lack of proper inquiry into genuineness, and denying the firm an opportunity to be heard. Emphasizing mutual promises and sharing of losses as valid consideration, the Tribunal set aside the AAC's decision and remanded the matter to the ITO for reevaluation. The appeal was allowed for statistical purposes. Case-Laws Income Tax Fri, 27 Sep 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71801