https://www.taxtmi.com/caselaws?id=56070 The Tribunal overturned the Appellate Assistant Commissioner's decision and upheld the Income-tax Officer's denial of registration to the respondent firm under sections 184/185 of the Income-tax Act, 1961. It found that the firm was not genuinely constituted but was part of a tax evasion scheme involving multiple entities. The Tribunal emphasized that legal principles supporting the firm's genuineness were inapplicable due to the scheme's colorable nature, citing the Supreme Court's stance against tax avoidance in McDowell & Co. Ltd. v. CTO. The appeals were allowed in favor of the Income-tax Officer. en-us Sun, 08 Mar 1987 00:00:00 +0530 Wed, 01 Dec 2010 14:34:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56070 The Tribunal overturned the Appellate Assistant Commissioner's decision and upheld the Income-tax Officer's denial of registration to the respondent firm under sections 184/185 of the Income-tax Act, 1961. It found that the firm was not genuinely constituted but was part of a tax evasion scheme involving multiple entities. The Tribunal emphasized that legal principles supporting the firm's genuineness were inapplicable due to the scheme's colorable nature, citing the Supreme Court's stance against tax avoidance in McDowell & Co. Ltd. v. CTO. The appeals were allowed in favor of the Income-tax Officer. Case-Laws Income Tax Sun, 08 Mar 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56070