https://www.taxtmi.com/caselaws?id=28324 The High Court of MADHYA PRADESH ruled that the Income-tax Appellate Tribunal was not justified in directing the Income-tax Officer to allow continuation of registration for the assessee-firm. The court emphasized that registration should be refused if the partnership deed does not account for minors becoming full partners and outline profit and loss distribution, despite circulars allowing registration in such cases. The decision was based on established principles and interpretations of relevant circulars, highlighting the importance of specific provisions in the partnership deed for the continuation of registration. en-us Fri, 08 Apr 1983 00:00:00 +0530 Sat, 20 Feb 2010 13:33:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28324 The High Court of MADHYA PRADESH ruled that the Income-tax Appellate Tribunal was not justified in directing the Income-tax Officer to allow continuation of registration for the assessee-firm. The court emphasized that registration should be refused if the partnership deed does not account for minors becoming full partners and outline profit and loss distribution, despite circulars allowing registration in such cases. The decision was based on established principles and interpretations of relevant circulars, highlighting the importance of specific provisions in the partnership deed for the continuation of registration. Case-Laws Income Tax Fri, 08 Apr 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28324