https://www.taxtmi.com/caselaws?id=35705 Incorrect allocation of partnership profits under a wrong deed clause, where the mistake was honest and promptly rectified by reversing the entries, did not undermine the genuineness of the books or justify cancellation of the firm's registration. The High Court treated the error as an innocent accounting mistake rather than a defect affecting entitlement to registration, and upheld the assessee's position on the merits. en-us Mon, 31 Mar 1980 00:00:00 +0530 Tue, 16 Mar 2010 12:08:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35705 Incorrect allocation of partnership profits under a wrong deed clause, where the mistake was honest and promptly rectified by reversing the entries, did not undermine the genuineness of the books or justify cancellation of the firm's registration. The High Court treated the error as an innocent accounting mistake rather than a defect affecting entitlement to registration, and upheld the assessee's position on the merits. Case-Laws Income Tax Mon, 31 Mar 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35705