https://www.taxtmi.com/caselaws?id=61419 The Tribunal ruled in favor of the assessee, determining that the firm should be considered genuine and entitled to registration benefits under the IT Act, 1961 for all the assessment years in question. The Tribunal emphasized that the partnership deed's profit/loss sharing arrangements were lawful and valid, allowing the assessee to benefit from registration as a registered firm. The lower authorities' orders were modified or cancelled, resulting in the assessee succeeding in all four appeals. en-us Fri, 31 Jul 1992 00:00:00 +0530 Wed, 12 Jan 2011 15:44:48 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61419 The Tribunal ruled in favor of the assessee, determining that the firm should be considered genuine and entitled to registration benefits under the IT Act, 1961 for all the assessment years in question. The Tribunal emphasized that the partnership deed's profit/loss sharing arrangements were lawful and valid, allowing the assessee to benefit from registration as a registered firm. The lower authorities' orders were modified or cancelled, resulting in the assessee succeeding in all four appeals. Case-Laws Income Tax Fri, 31 Jul 1992 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61419