https://www.taxtmi.com/caselaws?id=56783 The appeals by the Revenue challenging the grant of registration to the assessee firm under s. 185(1)(a) of the IT Act, 1961 were allowed. The court found discrepancies in the trust deeds, questioning the authenticity of partnerships formed with Nidhi Kedia Trust and Sanjiv Kedia Trust. The ACC's failure to adequately consider the provisions of the Explanation to s. 185(1) and the timing of trust creation led to the decision to set aside the orders for a fresh review. The case highlighted the importance of a thorough analysis in determining the genuineness of the firm for registration under the IT Act. en-us Mon, 11 Aug 1986 00:00:00 +0530 Mon, 06 Dec 2010 17:00:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56783 The appeals by the Revenue challenging the grant of registration to the assessee firm under s. 185(1)(a) of the IT Act, 1961 were allowed. The court found discrepancies in the trust deeds, questioning the authenticity of partnerships formed with Nidhi Kedia Trust and Sanjiv Kedia Trust. The ACC's failure to adequately consider the provisions of the Explanation to s. 185(1) and the timing of trust creation led to the decision to set aside the orders for a fresh review. The case highlighted the importance of a thorough analysis in determining the genuineness of the firm for registration under the IT Act. Case-Laws Income Tax Mon, 11 Aug 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56783