https://www.taxtmi.com/caselaws?id=71897 The Tribunal dismissed the departmental appeal, upholding the AAC's order to continue the registration of the assessee firm for the assessment year 1977-78. It was determined that the business of the firm was in existence, the firm was genuine, and the interest income should be assessed as business income. The Tribunal highlighted the significance of the intention to carry on business and the fulfillment of conditions under section 184(7) for the continuation of registration. en-us Mon, 18 Jan 1982 00:00:00 +0530 Wed, 27 Apr 2011 17:35:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71897 The Tribunal dismissed the departmental appeal, upholding the AAC's order to continue the registration of the assessee firm for the assessment year 1977-78. It was determined that the business of the firm was in existence, the firm was genuine, and the interest income should be assessed as business income. The Tribunal highlighted the significance of the intention to carry on business and the fulfillment of conditions under section 184(7) for the continuation of registration. Case-Laws Income Tax Mon, 18 Jan 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71897