https://www.taxtmi.com/caselaws?id=18949 The Supreme Court upheld the Tribunal's decision in favor of the firm, ruling that the continuation of registration was valid. The Court found that the firm had not concealed income as alleged by the Department, emphasizing the partners' discretion in profit distribution according to the partnership deed. The judgment underscored the significance of partnership agreements in determining registration validity and refuted claims of non-compliance with profit-sharing arrangements. en-us Thu, 02 Feb 1995 00:00:00 +0530 Tue, 03 Nov 2009 10:39:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18949 The Supreme Court upheld the Tribunal's decision in favor of the firm, ruling that the continuation of registration was valid. The Court found that the firm had not concealed income as alleged by the Department, emphasizing the partners' discretion in profit distribution according to the partnership deed. The judgment underscored the significance of partnership agreements in determining registration validity and refuted claims of non-compliance with profit-sharing arrangements. Case-Laws Income Tax Thu, 02 Feb 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18949