https://www.taxtmi.com/caselaws?id=36873 The court upheld the Income-tax Officer's cancellation of registration for the assessee-firm for the assessment years 1965-66, 1966-67, and 1967-68 under section 186(1) of the Income-tax Act, 1961. The partnership deed did not specify loss-sharing proportions after the minors became adults, and no fresh registration was sought. This lack of clarity indicated the firm was not genuinely constituted as registered, justifying the cancellation. The decision favored the department, awarding costs of Rs. 200. en-us Tue, 21 Aug 1979 00:00:00 +0530 Thu, 25 Mar 2010 11:39:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36873 The court upheld the Income-tax Officer's cancellation of registration for the assessee-firm for the assessment years 1965-66, 1966-67, and 1967-68 under section 186(1) of the Income-tax Act, 1961. The partnership deed did not specify loss-sharing proportions after the minors became adults, and no fresh registration was sought. This lack of clarity indicated the firm was not genuinely constituted as registered, justifying the cancellation. The decision favored the department, awarding costs of Rs. 200. Case-Laws Income Tax Tue, 21 Aug 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36873