https://www.taxtmi.com/caselaws?id=7823 Registration of a firm can be refused where the partnership deed and surrounding accounts do not show a real and genuine partnership. The court examined the 1959 deed, which described the partners as coparceners and stated one capital figure, against a later 1962 deed said to be a rectification but retaining the same commencement date while showing a different capital. That inconsistency was material because it went to the origin and nature of the alleged partnership and indicated that the earlier instrument did not reflect the actual arrangement. The refusal of registration for the relevant assessment year was therefore justified. en-us Thu, 05 Mar 1970 00:00:00 +0530 Thu, 19 Mar 2009 16:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7823 Registration of a firm can be refused where the partnership deed and surrounding accounts do not show a real and genuine partnership. The court examined the 1959 deed, which described the partners as coparceners and stated one capital figure, against a later 1962 deed said to be a rectification but retaining the same commencement date while showing a different capital. That inconsistency was material because it went to the origin and nature of the alleged partnership and indicated that the earlier instrument did not reflect the actual arrangement. The refusal of registration for the relevant assessment year was therefore justified. Case-Laws Income Tax Thu, 05 Mar 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7823