https://www.taxtmi.com/caselaws?id=58034 The ITAT allowed the appeal, directing the registration of the assessee-firm. The ITAT rejected the revenue's argument that the firm was not genuine due to the non-existence of the company at the time of partnership constitution. It emphasized that the partner's status as a promoter of a proposed company was sufficient evidence of his representative capacity, with no further proof required. The ITAT highlighted that the company's ratification of the partner's actions validated the partnership, leading to the conclusion that the firm was genuine and entitled to registration. en-us Mon, 15 Mar 1993 00:00:00 +0530 Fri, 17 Dec 2010 09:59:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58034 The ITAT allowed the appeal, directing the registration of the assessee-firm. The ITAT rejected the revenue's argument that the firm was not genuine due to the non-existence of the company at the time of partnership constitution. It emphasized that the partner's status as a promoter of a proposed company was sufficient evidence of his representative capacity, with no further proof required. The ITAT highlighted that the company's ratification of the partner's actions validated the partnership, leading to the conclusion that the firm was genuine and entitled to registration. Case-Laws Income Tax Mon, 15 Mar 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58034