https://www.taxtmi.com/caselaws?id=27383 The High Court held that the assessment of share income from the firm as an unregistered firm was not justified. The court ruled in favor of the assessee, stating that no sub-partnership existed based on the agreement terms. The court found that the agreement did not establish a sub-partnership as it did not involve profit-sharing among the parties. The Revenue was directed to pay the costs of the reference to the assessee. en-us Mon, 23 Apr 1984 00:00:00 +0530 Fri, 12 Feb 2010 14:04:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27383 The High Court held that the assessment of share income from the firm as an unregistered firm was not justified. The court ruled in favor of the assessee, stating that no sub-partnership existed based on the agreement terms. The court found that the agreement did not establish a sub-partnership as it did not involve profit-sharing among the parties. The Revenue was directed to pay the costs of the reference to the assessee. Case-Laws Income Tax Mon, 23 Apr 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27383