https://www.taxtmi.com/caselaws?id=8352 The court held that the assessee-firm was entitled to the continuation of registration for the assessment year 1963-64 under section 184(7) of the Income-tax Act, 1961. The refusal of registration based solely on the absence of ascertainment or distribution of profits was deemed invalid. The court emphasized that failure to ascertain or distribute profits does not constitute a change in the constitution or the shares of the partners. The court ruled in favor of the assessee, awarding costs and fixing the advocate's fee at Rs. 250. en-us Mon, 18 Jan 1971 00:00:00 +0530 Fri, 10 Apr 2009 16:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8352 The court held that the assessee-firm was entitled to the continuation of registration for the assessment year 1963-64 under section 184(7) of the Income-tax Act, 1961. The refusal of registration based solely on the absence of ascertainment or distribution of profits was deemed invalid. The court emphasized that failure to ascertain or distribute profits does not constitute a change in the constitution or the shares of the partners. The court ruled in favor of the assessee, awarding costs and fixing the advocate's fee at Rs. 250. Case-Laws Income Tax Mon, 18 Jan 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8352