https://www.taxtmi.com/caselaws?id=28196 The court ruled in favor of the assessee, finding that the partnership firm was genuine despite factors like the sale of the business for a low amount and the continued control by one partner. The court emphasized that fulfilling legal requirements and conducting business through an authorized person were permissible, leading to the conclusion that the income-tax authorities erred in refusing registration. The court held that there was insufficient evidence to support the claim that the partnership was not genuine, ultimately deciding in favor of the assessee against the Revenue. en-us Fri, 17 Feb 1984 00:00:00 +0530 Fri, 19 Feb 2010 15:47:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28196 The court ruled in favor of the assessee, finding that the partnership firm was genuine despite factors like the sale of the business for a low amount and the continued control by one partner. The court emphasized that fulfilling legal requirements and conducting business through an authorized person were permissible, leading to the conclusion that the income-tax authorities erred in refusing registration. The court held that there was insufficient evidence to support the claim that the partnership was not genuine, ultimately deciding in favor of the assessee against the Revenue. Case-Laws Income Tax Fri, 17 Feb 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28196