https://www.taxtmi.com/caselaws?id=6309 Renewal of a firm's registration under section 26A required strict compliance with the statutory rules, and the prescribed certificate was a substantive safeguard rather than a formality. Where the application falsely stated that profits had been divided or credited in accordance with the partnership deed, but a substantial part of the profits had in fact not been so dealt with, the renewal conditions were not satisfied. The authorities on internal adjustments, salary, interest, or reserve entries did not apply because those cases involved profits being dealt with consistently with the governing rules. Renewal was therefore properly refused. en-us Tue, 31 Aug 1971 00:00:00 +0530 Thu, 04 Dec 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6309 Renewal of a firm's registration under section 26A required strict compliance with the statutory rules, and the prescribed certificate was a substantive safeguard rather than a formality. Where the application falsely stated that profits had been divided or credited in accordance with the partnership deed, but a substantial part of the profits had in fact not been so dealt with, the renewal conditions were not satisfied. The authorities on internal adjustments, salary, interest, or reserve entries did not apply because those cases involved profits being dealt with consistently with the governing rules. Renewal was therefore properly refused. Case-Laws Income Tax Tue, 31 Aug 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6309