https://www.taxtmi.com/caselaws?id=18218 The High Court dismissed the original petitions, ruling in favor of the Revenue and against the assessee, Kerala Liquor Corporation. The court upheld the cancellation of registration under section 186 of the Income-tax Act, 1961, due to the lack of a genuine firm during the relevant year. The decision was based on discrepancies between the seized profit and loss account and the filed accounts, as well as the lack of response from partners to notices. The judgment highlighted the credibility of seized documents and the substantial similarities between the seized and filed accounts. en-us Mon, 04 Mar 1996 00:00:00 +0530 Tue, 29 Sep 2009 15:28:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18218 The High Court dismissed the original petitions, ruling in favor of the Revenue and against the assessee, Kerala Liquor Corporation. The court upheld the cancellation of registration under section 186 of the Income-tax Act, 1961, due to the lack of a genuine firm during the relevant year. The decision was based on discrepancies between the seized profit and loss account and the filed accounts, as well as the lack of response from partners to notices. The judgment highlighted the credibility of seized documents and the substantial similarities between the seized and filed accounts. Case-Laws Income Tax Mon, 04 Mar 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18218