https://www.taxtmi.com/caselaws?id=191124 The court overturned the Tribunal's decision to refuse registration of a partnership under section 26A of the Income-tax Act, 1922. It emphasized that suspicions alone cannot invalidate a partnership, highlighting that lack of active involvement or profit withdrawals by a partner does not necessarily make the partnership fake. The court found no substantial basis for doubts about the partnership's authenticity, dismissing concerns over the partnership deed's execution details. Ultimately, the court ruled in favor of the assessee, holding that the Tribunal's decision lacked sufficient evidence to declare the partnership non-genuine and awarded costs to the assessee. en-us Fri, 30 Apr 1965 00:00:00 +0530 Tue, 21 Mar 2017 17:07:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191124 The court overturned the Tribunal's decision to refuse registration of a partnership under section 26A of the Income-tax Act, 1922. It emphasized that suspicions alone cannot invalidate a partnership, highlighting that lack of active involvement or profit withdrawals by a partner does not necessarily make the partnership fake. The court found no substantial basis for doubts about the partnership's authenticity, dismissing concerns over the partnership deed's execution details. Ultimately, the court ruled in favor of the assessee, holding that the Tribunal's decision lacked sufficient evidence to declare the partnership non-genuine and awarded costs to the assessee. Case-Laws Income Tax Fri, 30 Apr 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191124