https://www.taxtmi.com/caselaws?id=37047 The High Court upheld the cancellation of registration of a partnership firm under section 186(2) due to the firm's failure to comply with a notice under section 142 and its false denial of a teh-bazari contract. The Court found the cancellation justified based on the firm's non-compliance and false statements, disagreeing with the Tribunal's lenient approach. The Court did not definitively determine if cancellation under section 186(2) is punitive, leaving the issue open for future consideration. No costs were awarded as the firm did not participate in the proceedings. en-us Fri, 07 Apr 1978 00:00:00 +0530 Fri, 26 Mar 2010 11:23:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37047 The High Court upheld the cancellation of registration of a partnership firm under section 186(2) due to the firm's failure to comply with a notice under section 142 and its false denial of a teh-bazari contract. The Court found the cancellation justified based on the firm's non-compliance and false statements, disagreeing with the Tribunal's lenient approach. The Court did not definitively determine if cancellation under section 186(2) is punitive, leaving the issue open for future consideration. No costs were awarded as the firm did not participate in the proceedings. Case-Laws Income Tax Fri, 07 Apr 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37047