https://www.taxtmi.com/caselaws?id=49597 A duly executed and acted-upon partnership deed, supported by account books showing capital contributions, drawings and profit-sharing, established genuineness of the firm and entitlement to registration under section 26A. Earlier family treatment as a Hindu undivided family did not bar a later disruption and fresh partnership arrangement. Retention of bank accounts in existing names and non-production of the Bali Khata were insufficient to prove the firm was a mere veneer; refusal based on surmise and suspicion could not stand. The registration refusal was therefore unsustainable and the firm was entitled to be registered for the relevant assessment year. en-us Fri, 15 May 1959 00:00:00 +0530 Wed, 04 Mar 2015 14:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49597 A duly executed and acted-upon partnership deed, supported by account books showing capital contributions, drawings and profit-sharing, established genuineness of the firm and entitlement to registration under section 26A. Earlier family treatment as a Hindu undivided family did not bar a later disruption and fresh partnership arrangement. Retention of bank accounts in existing names and non-production of the Bali Khata were insufficient to prove the firm was a mere veneer; refusal based on surmise and suspicion could not stand. The registration refusal was therefore unsustainable and the firm was entitled to be registered for the relevant assessment year. Case-Laws Income Tax Fri, 15 May 1959 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49597