https://www.taxtmi.com/caselaws?id=8671 The High Court of Karnataka ruled against the assessee-firm's application for registration under section 185 of the Income-tax Act, 1961. The court found that since the business activities specified in the partnership deed were not initiated during the relevant accounting period, there was no partnership in existence as per the Partnership Act. Emphasizing the importance of actual business operations, the court concluded that the rejection of the registration application by the Tribunal was appropriate. The court ordered the assessee to pay the costs of the respondent and advocate's fee, highlighting the necessity for actively pursuing the business activities outlined in the partnership deed for partnership existence. en-us Thu, 13 Apr 1972 00:00:00 +0530 Wed, 20 May 2009 17:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8671 The High Court of Karnataka ruled against the assessee-firm's application for registration under section 185 of the Income-tax Act, 1961. The court found that since the business activities specified in the partnership deed were not initiated during the relevant accounting period, there was no partnership in existence as per the Partnership Act. Emphasizing the importance of actual business operations, the court concluded that the rejection of the registration application by the Tribunal was appropriate. The court ordered the assessee to pay the costs of the respondent and advocate's fee, highlighting the necessity for actively pursuing the business activities outlined in the partnership deed for partnership existence. Case-Laws Income Tax Thu, 13 Apr 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8671