https://www.taxtmi.com/caselaws?id=19799 The Income-tax Appellate Tribunal overturned the Commissioner of Income-tax's decision to cancel a firm's registration due to incorrect profit allocation, deeming the mistake as inadvertent and rectified before assessment. The Tribunal emphasized that registration should not be denied for errors made due to omission or mistake, highlighting the importance of firm genuineness and compliance with statutory requirements for registration under the Income-tax Act. The court affirmed the Tribunal's decision, stating no statable question of law arose, and rejected the applications without costs. en-us Tue, 23 Nov 1993 00:00:00 +0530 Mon, 09 Nov 2009 17:45:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=19799 The Income-tax Appellate Tribunal overturned the Commissioner of Income-tax's decision to cancel a firm's registration due to incorrect profit allocation, deeming the mistake as inadvertent and rectified before assessment. The Tribunal emphasized that registration should not be denied for errors made due to omission or mistake, highlighting the importance of firm genuineness and compliance with statutory requirements for registration under the Income-tax Act. The court affirmed the Tribunal's decision, stating no statable question of law arose, and rejected the applications without costs. Case-Laws Income Tax Tue, 23 Nov 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=19799