https://www.taxtmi.com/caselaws?id=37963 The High Court of GAUHATI ruled that the firm, M/s. Jain & Co., was not entitled to registration under section 185 of the Income-tax Act, 1961, for the assessment years 1965-66 and 1966-67. The court found that the application for registration did not comply with the Act's requirements as the firm's constitution had changed due to a partner's retirement, resulting in different profit shares among the remaining partners. The court emphasized the necessity of a valid partnership deed for registration and held that the application was rightly rejected under section 185(1) of the Act. en-us Fri, 08 Jul 1977 00:00:00 +0530 Fri, 02 Apr 2010 13:06:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37963 The High Court of GAUHATI ruled that the firm, M/s. Jain & Co., was not entitled to registration under section 185 of the Income-tax Act, 1961, for the assessment years 1965-66 and 1966-67. The court found that the application for registration did not comply with the Act's requirements as the firm's constitution had changed due to a partner's retirement, resulting in different profit shares among the remaining partners. The court emphasized the necessity of a valid partnership deed for registration and held that the application was rightly rejected under section 185(1) of the Act. Case-Laws Income Tax Fri, 08 Jul 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37963