1983 (12) TMI 109

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....ent involved is 1977-78 for which the previous year ended31st March, 1977. In the year the assessee carried on the business of purchase and sale of vegetable oils, kerosene, soaps, fertilisers etc. The assessee firm consists of two partners, namely Babulal Rigotia and Mrs. Sheelarani having 70 per cent and 30 per cent share respectively. 2. The appeal of the assessee against the assessment orde....

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.... It is also correct that, r. 45(2) of the IT Rules requires that not only the memo of appeal and the verification thereon but also the grounds of appeal should be signed by the managing partner whereof or in certain circumstances by any partner thereof not being a minor. As already stated the memo of appeal as also the verification thereon is signed by the managing partner of the assessee. The fai....