https://www.taxtmi.com/caselaws?id=258310 The court upheld the Income Tax Appellate Tribunal's decision that a genuine firm existed and was entitled to registration. It found that the firm engaged in business activities by leasing property and collecting rent, which constituted a valid business under the Partnership Act. The court emphasized that the Tribunal's findings were not perverse and dismissed the appeal in favor of the assessee, with no costs awarded. en-us Tue, 10 Mar 2015 00:00:00 +0530 Mon, 06 Apr 2015 05:58:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=258310 The court upheld the Income Tax Appellate Tribunal's decision that a genuine firm existed and was entitled to registration. It found that the firm engaged in business activities by leasing property and collecting rent, which constituted a valid business under the Partnership Act. The court emphasized that the Tribunal's findings were not perverse and dismissed the appeal in favor of the assessee, with no costs awarded. Case-Laws Income Tax Tue, 10 Mar 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=258310