https://www.taxtmi.com/caselaws?id=18549 The High Court of MADHYA PRADESH ruled in favor of the Revenue, denying registration to the firm under section 185 of the Income-tax Act, 1961, due to lack of genuineness. It was held that a genuine partnership was not established based on the evidence presented. The court emphasized that the genuineness of a firm is a factual matter and cannot be re-examined in a reference. Additionally, it was clarified that an order under section 185 is required for each assessment year. The court's decision favored the Revenue on the registration issue but supported the assessee on the assessment requirement, disposing of the reference application accordingly. en-us Mon, 29 Jan 1996 00:00:00 +0530 Thu, 01 Oct 2009 15:46:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18549 The High Court of MADHYA PRADESH ruled in favor of the Revenue, denying registration to the firm under section 185 of the Income-tax Act, 1961, due to lack of genuineness. It was held that a genuine partnership was not established based on the evidence presented. The court emphasized that the genuineness of a firm is a factual matter and cannot be re-examined in a reference. Additionally, it was clarified that an order under section 185 is required for each assessment year. The court's decision favored the Revenue on the registration issue but supported the assessee on the assessment requirement, disposing of the reference application accordingly. Case-Laws Income Tax Mon, 29 Jan 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18549