https://www.taxtmi.com/caselaws?id=37821 The court upheld the cancellation of registration of the assessee-firm under s. 186(2) of the I.T. Act, 1961, and the refusal to reopen the best of judgment assessment under s. 144 for the assessment year 1969-70. The judgment emphasized the discretionary nature of cancellation of registration and the mandatory nature of best judgment assessment, based on the facts and legal provisions presented in the case. en-us Thu, 22 Jun 1978 00:00:00 +0530 Thu, 01 Apr 2010 12:31:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37821 The court upheld the cancellation of registration of the assessee-firm under s. 186(2) of the I.T. Act, 1961, and the refusal to reopen the best of judgment assessment under s. 144 for the assessment year 1969-70. The judgment emphasized the discretionary nature of cancellation of registration and the mandatory nature of best judgment assessment, based on the facts and legal provisions presented in the case. Case-Laws Income Tax Thu, 22 Jun 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37821