https://www.taxtmi.com/caselaws?id=7286 An omission in the books to separately post the profit shares from two ration shops in the partners' names did not defeat renewal of registration under section 26A of the Indian Income-tax Act, 1922, where the renewal application was in the prescribed form, the partnership profits were fully brought into account, and the partners' shares were otherwise known and had been regularly credited in earlier years. The court treated the defect as a posting error rather than a substantive non-compliance with the partnership deed or the statutory conditions for renewal. Renewal of registration was therefore allowed, and the question was answered in favour of the assessee-firm. en-us Tue, 20 Aug 1968 00:00:00 +0530 Mon, 16 Feb 2009 18:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7286 An omission in the books to separately post the profit shares from two ration shops in the partners' names did not defeat renewal of registration under section 26A of the Indian Income-tax Act, 1922, where the renewal application was in the prescribed form, the partnership profits were fully brought into account, and the partners' shares were otherwise known and had been regularly credited in earlier years. The court treated the defect as a posting error rather than a substantive non-compliance with the partnership deed or the statutory conditions for renewal. Renewal of registration was therefore allowed, and the question was answered in favour of the assessee-firm. Case-Laws Income Tax Tue, 20 Aug 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7286