https://www.taxtmi.com/caselaws?id=168695 Income-tax registration of a firm is available only where the partnership instrument reflects a real and genuine partnership, and the revenue may refuse registration if direct or circumstantial evidence shows the deed is sham, bogus, or a device to evade tax. The assessee seeking registration bears the burden of proving that the partnership in fact existed and that the named partners were actual partners. Factors such as absence of a timely deed, no profit division, no capital contribution, and continued dependence on the alleged partners may support a finding that no genuine partnership existed. en-us Thu, 01 Jul 1937 00:00:00 +0530 Mon, 23 Mar 2015 16:17:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=168695 Income-tax registration of a firm is available only where the partnership instrument reflects a real and genuine partnership, and the revenue may refuse registration if direct or circumstantial evidence shows the deed is sham, bogus, or a device to evade tax. The assessee seeking registration bears the burden of proving that the partnership in fact existed and that the named partners were actual partners. Factors such as absence of a timely deed, no profit division, no capital contribution, and continued dependence on the alleged partners may support a finding that no genuine partnership existed. Case-Laws Income Tax Thu, 01 Jul 1937 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=168695