https://www.taxtmi.com/caselaws?id=27571 The court upheld the rejection of registration for the assessment years 1974-75 and 1975-76, as Sri T. Raghavendra Rao was deemed not a genuine partner of the firm due to the lack of a true partnership relationship with the other partners. Despite being designated as the 8th partner in the partnership deed, his fixed salary and profit share arrangement, independent of the firm's performance, did not establish him as a profit-sharing partner. Consequently, the court ruled in favor of the revenue authority, without awarding costs. en-us Thu, 10 Nov 1983 00:00:00 +0530 Sat, 13 Feb 2010 16:42:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27571 The court upheld the rejection of registration for the assessment years 1974-75 and 1975-76, as Sri T. Raghavendra Rao was deemed not a genuine partner of the firm due to the lack of a true partnership relationship with the other partners. Despite being designated as the 8th partner in the partnership deed, his fixed salary and profit share arrangement, independent of the firm's performance, did not establish him as a profit-sharing partner. Consequently, the court ruled in favor of the revenue authority, without awarding costs. Case-Laws Income Tax Thu, 10 Nov 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27571