https://www.taxtmi.com/caselaws?id=10003 The court upheld the cancellation of renewal of registration under the Income-tax Act for the assessment years 1990-91, 1991-92, and 1992-93, as the firm failed to demonstrate genuine business engagement and declared rental income as income from house property, contrary to partnership law requirements. The court emphasized the necessity of actual business activities for a firm to be considered genuine, dismissing the challenge and affirming the Commissioner's decision to cancel the renewal of registration. en-us Tue, 21 Feb 2006 00:00:00 +0530 Sun, 05 Jul 2009 10:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10003 The court upheld the cancellation of renewal of registration under the Income-tax Act for the assessment years 1990-91, 1991-92, and 1992-93, as the firm failed to demonstrate genuine business engagement and declared rental income as income from house property, contrary to partnership law requirements. The court emphasized the necessity of actual business activities for a firm to be considered genuine, dismissing the challenge and affirming the Commissioner's decision to cancel the renewal of registration. Case-Laws Income Tax Tue, 21 Feb 2006 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10003