https://www.taxtmi.com/caselaws?id=56368 The Tribunal allowed the appeal, holding that the appellant firm was genuine and entitled to registration under section 185(1)(b) of the Income Tax Act. It found that the ITO had not proven the firm to be a benami of another firm and emphasized that minor discrepancies should not lead to adverse conclusions. The Tribunal noted the separate business activities of the appellant firm and the common accountant practice in small businesses. The orders refusing registration were directed to be modified, with the appeal for the assessment year 1977-78 allowed and the appeal for the assessment year 1978-79 partly allowed. en-us Mon, 18 Apr 1988 00:00:00 +0530 Fri, 03 Dec 2010 12:54:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56368 The Tribunal allowed the appeal, holding that the appellant firm was genuine and entitled to registration under section 185(1)(b) of the Income Tax Act. It found that the ITO had not proven the firm to be a benami of another firm and emphasized that minor discrepancies should not lead to adverse conclusions. The Tribunal noted the separate business activities of the appellant firm and the common accountant practice in small businesses. The orders refusing registration were directed to be modified, with the appeal for the assessment year 1977-78 allowed and the appeal for the assessment year 1978-79 partly allowed. Case-Laws Income Tax Mon, 18 Apr 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56368