https://www.taxtmi.com/caselaws?id=37978 Registration of a firm under the income-tax law is available only where the partnership shown by the instrument is real and the terms are actually carried out. On the facts found, the firm was not genuine, the accounts showed suppression of sales and income, different sets of accounts were maintained, and concealed profits were not distributed among the partners. On that basis, registration was refused and the assessee's claim failed. The finding of non-genuineness was treated as a factual determination, and the Tribunal's view that the firm was not entitled to registration was upheld. en-us Tue, 02 May 1978 00:00:00 +0530 Fri, 02 Apr 2010 13:53:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37978 Registration of a firm under the income-tax law is available only where the partnership shown by the instrument is real and the terms are actually carried out. On the facts found, the firm was not genuine, the accounts showed suppression of sales and income, different sets of accounts were maintained, and concealed profits were not distributed among the partners. On that basis, registration was refused and the assessee's claim failed. The finding of non-genuineness was treated as a factual determination, and the Tribunal's view that the firm was not entitled to registration was upheld. Case-Laws Income Tax Tue, 02 May 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37978