https://www.taxtmi.com/caselaws?id=37939 The High Court ruled in favor of the assessee, holding that the firm was entitled to registration under the Income Tax Act for the relevant assessment years. Despite a minor deviation in profit distribution, the Court found the firm and its partners to be genuine, emphasizing that the application for registration was made correctly and within the stipulated time frame. The Court distinguished the case from precedent, emphasizing that the firm's overall genuineness was not in question, leading to the decision in favor of the assessee. en-us Wed, 04 Jan 1978 00:00:00 +0530 Fri, 02 Apr 2010 12:29:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37939 The High Court ruled in favor of the assessee, holding that the firm was entitled to registration under the Income Tax Act for the relevant assessment years. Despite a minor deviation in profit distribution, the Court found the firm and its partners to be genuine, emphasizing that the application for registration was made correctly and within the stipulated time frame. The Court distinguished the case from precedent, emphasizing that the firm's overall genuineness was not in question, leading to the decision in favor of the assessee. Case-Laws Income Tax Wed, 04 Jan 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37939