1976 (11) TMI 100

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....efused registration. 2. The claim on behalf of the assessee was that it was a partnership firm consisting of five partners, namely, Sushil Kumar, Rameshwarlal, Khajar Ram, Sanwarmal and Daya Shankar. Sushi Kumar Dhamani had submitted a tender and obtained contract for construction of 80 quarters at Instrumentation Ltd., Kota, a Government of India Undertaking. After securing the contract, Sushi....

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....t also in his own name and then he used to enter into a partnership for carrying out the contract work. The fact that the firm's name did not find place in the record of the Instrumentation Ltd., Kota as a contractor, did not disentitle the assessee to get registration under the Act. 4. The order point which weighted with the authorities below was that the bank was operated upon only by Sushil ....

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.... ground, which influenced the lower authorities, was that the partners were men of no means and had no capacity to finance the contract business. This has to be appreciated in the context of the past history of the parties. Sushil Kumar had been taking contracts and then creating a partnership with others for actual working of the contract work. Three of the present partners, namely, Rameswarlal, ....