https://www.taxtmi.com/caselaws?id=25264 The court upheld the decision to refuse the continuation of registration for the assessment year 1976-77. It found that the firm ceased to be genuine after a minor partner attained majority, as the redistribution of losses was not specified in the partnership deed. The court emphasized the importance of maintaining the original partnership terms for registration. The lack of evidence regarding the change in profit-sharing ratios led to the firm losing its genuine status. Therefore, the court affirmed the refusal of registration continuation, supporting the Tribunal's decision. en-us Wed, 08 Jul 1987 00:00:00 +0530 Wed, 27 Jan 2010 15:47:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25264 The court upheld the decision to refuse the continuation of registration for the assessment year 1976-77. It found that the firm ceased to be genuine after a minor partner attained majority, as the redistribution of losses was not specified in the partnership deed. The court emphasized the importance of maintaining the original partnership terms for registration. The lack of evidence regarding the change in profit-sharing ratios led to the firm losing its genuine status. Therefore, the court affirmed the refusal of registration continuation, supporting the Tribunal's decision. Case-Laws Income Tax Wed, 08 Jul 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25264