https://www.taxtmi.com/caselaws?id=276115 Renewal of registration for a continuing partnership under section 26A required strict compliance with the prescribed rules and declaration requirements. The application was not time-barred because it was filed before the last date under the amended rule, and the omission to state the earlier year's registration date did not make it invalid on these facts. However, the application failed on the substantive requirement that the previous year's profits or loss had actually been divided or credited before filing. Because registration conferred a statutory privilege, that condition had to be satisfied strictly, and the renewal application was therefore incomplete and invalid on the merits. en-us Fri, 05 Aug 1960 00:00:00 +0530 Tue, 30 Oct 2018 11:57:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276115 Renewal of registration for a continuing partnership under section 26A required strict compliance with the prescribed rules and declaration requirements. The application was not time-barred because it was filed before the last date under the amended rule, and the omission to state the earlier year's registration date did not make it invalid on these facts. However, the application failed on the substantive requirement that the previous year's profits or loss had actually been divided or credited before filing. Because registration conferred a statutory privilege, that condition had to be satisfied strictly, and the renewal application was therefore incomplete and invalid on the merits. Case-Laws Income Tax Fri, 05 Aug 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276115