https://www.taxtmi.com/caselaws?id=28150 The High Court of Madhya Pradesh held that the assessment order granting continuation of registration for a partnership firm was not erroneous or prejudicial to the Revenue's interest under Section 263 of the Income Tax Act. The Court emphasized that a change in the firm's constitution due to a minor partner attaining majority did not automatically warrant denial of registration continuation, especially if the partnership deed accounted for such changes. The Court declined to address the Commissioner's jurisdiction under Section 263 and ruled against the assessee, with each party bearing their own costs. en-us Tue, 19 Oct 1982 00:00:00 +0530 Fri, 19 Feb 2010 13:04:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28150 The High Court of Madhya Pradesh held that the assessment order granting continuation of registration for a partnership firm was not erroneous or prejudicial to the Revenue's interest under Section 263 of the Income Tax Act. The Court emphasized that a change in the firm's constitution due to a minor partner attaining majority did not automatically warrant denial of registration continuation, especially if the partnership deed accounted for such changes. The Court declined to address the Commissioner's jurisdiction under Section 263 and ruled against the assessee, with each party bearing their own costs. Case-Laws Income Tax Tue, 19 Oct 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28150