https://www.taxtmi.com/caselaws?id=5594 The Supreme Court held that the partnership deed, when reasonably construed, provided for the sharing of losses among the major partners. The application for registration fulfilled the conditions of Section 184, and the Income-tax Officer should have granted registration. The Court allowed the appeals, set aside the High Court's judgment, and held that the appellant was entitled to registration for the assessment year 1968-69 and renewal/continuation of registration for the subsequent years. Each party was to bear its own costs. en-us Thu, 20 Feb 1997 00:00:00 +0530 Wed, 25 Feb 2015 12:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5594 The Supreme Court held that the partnership deed, when reasonably construed, provided for the sharing of losses among the major partners. The application for registration fulfilled the conditions of Section 184, and the Income-tax Officer should have granted registration. The Court allowed the appeals, set aside the High Court's judgment, and held that the appellant was entitled to registration for the assessment year 1968-69 and renewal/continuation of registration for the subsequent years. Each party was to bear its own costs. Case-Laws Income Tax Thu, 20 Feb 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5594