https://www.taxtmi.com/caselaws?id=21136 The Appellate Tribunal's decision to grant registration to a partnership firm for the assessment year 1972-73 under section 185 of the Income-tax Act, 1961, was upheld by the Court. Despite the delay in filing the registration application not being condoned, the Court relied on a circular issued by the Central Board of Direct Taxes, which stated that once the Income-tax Officer assesses a partner's share of income from a firm, the firm cannot be assessed as unregistered. The Court emphasized the binding nature of such circulars and previous legal precedents, ultimately ruling in favor of the assessee and imposing costs on the Department. en-us Thu, 12 Mar 1992 00:00:00 +0530 Fri, 20 Nov 2009 12:40:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21136 The Appellate Tribunal's decision to grant registration to a partnership firm for the assessment year 1972-73 under section 185 of the Income-tax Act, 1961, was upheld by the Court. Despite the delay in filing the registration application not being condoned, the Court relied on a circular issued by the Central Board of Direct Taxes, which stated that once the Income-tax Officer assesses a partner's share of income from a firm, the firm cannot be assessed as unregistered. The Court emphasized the binding nature of such circulars and previous legal precedents, ultimately ruling in favor of the assessee and imposing costs on the Department. Case-Laws Income Tax Thu, 12 Mar 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21136