https://www.taxtmi.com/caselaws?id=5600 The Supreme Court held that the Commissioner of Income-tax had jurisdiction under section 263 to cancel the continuance of registration granted under section 184(7) as it constituted an order affecting the tax liability of the firm. The Court remitted the issue of the validity of the renewal of registration due to discrepancies in the profit-sharing ratio back to the High Court for consideration. The Court ruled in favor of the Revenue against the assessee, setting aside the High Court's judgment. en-us Tue, 08 Jul 1997 00:00:00 +0530 Wed, 26 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5600 The Supreme Court held that the Commissioner of Income-tax had jurisdiction under section 263 to cancel the continuance of registration granted under section 184(7) as it constituted an order affecting the tax liability of the firm. The Court remitted the issue of the validity of the renewal of registration due to discrepancies in the profit-sharing ratio back to the High Court for consideration. The Court ruled in favor of the Revenue against the assessee, setting aside the High Court's judgment. Case-Laws Income Tax Tue, 08 Jul 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5600