https://www.taxtmi.com/caselaws?id=27262 The court ruled against registering Janata Medical Stores as a firm under Section 185 of the Income Tax Act, 1961. Despite being registered with the Registrar of Firms and Assurances, the court found the partnership lacked essential conditions, particularly the sharing of losses, as required by the Supreme Court. The court sided with the Revenue, concluding that the partnership did not meet the necessary criteria for registration, and directed the issuance of a certificate for leave to appeal to the Supreme Court due to the significant legal question involved. en-us Tue, 21 Aug 1984 00:00:00 +0530 Thu, 11 Feb 2010 17:15:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27262 The court ruled against registering Janata Medical Stores as a firm under Section 185 of the Income Tax Act, 1961. Despite being registered with the Registrar of Firms and Assurances, the court found the partnership lacked essential conditions, particularly the sharing of losses, as required by the Supreme Court. The court sided with the Revenue, concluding that the partnership did not meet the necessary criteria for registration, and directed the issuance of a certificate for leave to appeal to the Supreme Court due to the significant legal question involved. Case-Laws Income Tax Tue, 21 Aug 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27262