1981 (6) TMI 70

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....dispute is involved for both the years. The only common ground contested by the Revenue is that the CIT (A) erred in cancelling the orders passed by the ITO under s. 186(1) of the Act. 2. The ITO found that by virtue of the partnership deed dt. 27th Oct., 1971 two of the six partners viz., Sri D. Ramayya and Sri P. Nagaraju were treated as minors, whereas subsequent enquiries made by the assessin....

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.... in the referred case No. 84 of 70 dt. 22nd Nov., 1971 in the case of CIT vs. M/s. Balaji Pictures and also another judgment of the same High Court in the case of CIT vs. Badjana Parr Salt Company, Nowpada (CR 83 of 1968, judgment dt. 19th April, 1971), and held that there is no finding that the firm in question was not a genuine one. In the circumstances, the Commr. (A) held on the basis of the a....