https://www.taxtmi.com/caselaws?id=7553 Where the statutory conditions for firm registration were satisfied and the firm was found genuine, renewal could not be refused merely because the revenue disputed the assessee's claim that branch profits were divisible among four persons. The High Court held that once the requirements under the Act and rules were met, the Income-tax Officer had no discretion to deny renewal on that objection alone. Renewal of registration for the relevant assessment years was therefore upheld in favour of the assessee, and the reference was answered against the revenue. en-us Wed, 16 Apr 1969 00:00:00 +0530 Wed, 25 Feb 2009 19:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7553 Where the statutory conditions for firm registration were satisfied and the firm was found genuine, renewal could not be refused merely because the revenue disputed the assessee's claim that branch profits were divisible among four persons. The High Court held that once the requirements under the Act and rules were met, the Income-tax Officer had no discretion to deny renewal on that objection alone. Renewal of registration for the relevant assessment years was therefore upheld in favour of the assessee, and the reference was answered against the revenue. Case-Laws Income Tax Wed, 16 Apr 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7553