https://www.taxtmi.com/caselaws?id=57474 For continuation or cancellation of an already registered firm under section 186(1) of the Income-tax Act, the decisive inquiry is whether the firm was not genuine during the relevant previous year. Mere alleged illegality in the underlying business is insufficient unless it is accompanied by a finding that the firm was sham or bogus. The commentary notes that the firm had earlier been granted registration, had filed Form No. 12 for continuation, and there was no change in constitution. As no authority recorded a finding that the firm was not genuine, refusal to continue registration was unsustainable, and the firm remained entitled to registered-firm status. en-us Mon, 03 Oct 1994 00:00:00 +0530 Fri, 10 Dec 2010 13:15:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=57474 For continuation or cancellation of an already registered firm under section 186(1) of the Income-tax Act, the decisive inquiry is whether the firm was not genuine during the relevant previous year. Mere alleged illegality in the underlying business is insufficient unless it is accompanied by a finding that the firm was sham or bogus. The commentary notes that the firm had earlier been granted registration, had filed Form No. 12 for continuation, and there was no change in constitution. As no authority recorded a finding that the firm was not genuine, refusal to continue registration was unsustainable, and the firm remained entitled to registered-firm status. Case-Laws Income Tax Mon, 03 Oct 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=57474