https://www.taxtmi.com/caselaws?id=38349 Section 27 of the Kerala Agricultural Income-tax Act requires a firm applying for registration to be constituted by an instrument of partnership specifying the partners' individual shares; registration cannot be refused on grounds not found in the statute or rules, including an alleged requirement to maintain accounts or a non-conformity based on profit ratios not expressly stated in the deed. The revisional power under section 34 is available to the Deputy Commissioner, and may be used to examine whether registration was granted in accordance with the statutory requirements. On the stated issues, the first point was decided in favour of the assessee and the second in favour of the revenue. en-us Thu, 29 Sep 1977 00:00:00 +0530 Mon, 05 Apr 2010 16:57:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38349 Section 27 of the Kerala Agricultural Income-tax Act requires a firm applying for registration to be constituted by an instrument of partnership specifying the partners' individual shares; registration cannot be refused on grounds not found in the statute or rules, including an alleged requirement to maintain accounts or a non-conformity based on profit ratios not expressly stated in the deed. The revisional power under section 34 is available to the Deputy Commissioner, and may be used to examine whether registration was granted in accordance with the statutory requirements. On the stated issues, the first point was decided in favour of the assessee and the second in favour of the revenue. Case-Laws Income Tax Thu, 29 Sep 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38349