https://www.taxtmi.com/caselaws?id=8565 The High Court ruled against the assessee, upholding the cancellation of registration for the assessment year 1964-65 due to unequal profit-sharing. The Court emphasized the importance of effective registration and the impact of changes in the firm's constitution on assessments. Despite a subsequent corrigendum aligning profit-sharing ratios, the Court held that the deed only operated from the corrigendum date, not retrospectively. The Court favored the department's argument, denying registration continuation for subsequent years and awarding costs of Rs. 200. en-us Thu, 22 Jul 1971 00:00:00 +0530 Thu, 30 Apr 2009 16:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8565 The High Court ruled against the assessee, upholding the cancellation of registration for the assessment year 1964-65 due to unequal profit-sharing. The Court emphasized the importance of effective registration and the impact of changes in the firm's constitution on assessments. Despite a subsequent corrigendum aligning profit-sharing ratios, the Court held that the deed only operated from the corrigendum date, not retrospectively. The Court favored the department's argument, denying registration continuation for subsequent years and awarding costs of Rs. 200. Case-Laws Income Tax Thu, 22 Jul 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8565