https://www.taxtmi.com/caselaws?id=27322 The court ruled in favor of the assessee and against the Revenue. It found that the cancellation of registration for the assessment year 1966-67 and the subsequent cancellation of continuation of registration for the assessment years 1967-68 to 1972-73 were not justified. The court held that the partnership was valid, as the minor partner had attained majority before the relevant period. It emphasized that the cancellation under Section 186 of the Income-tax Act should be based on the existence of a genuine firm during the relevant previous year. The court directed the parties to bear their respective costs. en-us Tue, 17 Jul 1984 00:00:00 +0530 Fri, 12 Feb 2010 11:24:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27322 The court ruled in favor of the assessee and against the Revenue. It found that the cancellation of registration for the assessment year 1966-67 and the subsequent cancellation of continuation of registration for the assessment years 1967-68 to 1972-73 were not justified. The court held that the partnership was valid, as the minor partner had attained majority before the relevant period. It emphasized that the cancellation under Section 186 of the Income-tax Act should be based on the existence of a genuine firm during the relevant previous year. The court directed the parties to bear their respective costs. Case-Laws Income Tax Tue, 17 Jul 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27322