New Form Nos. 11, 11A and 12 incorporating provisions of Explanation inserted by Taxation Laws (Amendment) Act, 1970 not to be insisted upon for assessment years 1971-72 and 1972-73 but firms be allowed opportunity to file application in new forms

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.... and 12 incorporating provisions of Explanation inserted by Taxation Laws (Amendment) Act, 1970 not to be insisted upon for assessment years 1971-72 and 1972-73 but firms be allowed opportunity to file application in new forms CLARIFICATION 1 1. Section 185(1) has been amended by the Taxation Laws (Amendment) Act, 1970, by the insertion of an Explanation, under which a firm shall not be rega....

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....f this provision, the prescribed application Form Nos. 11, 11A and 12 have been suitably amended to provide for a declaration by the firm to the effect that none of the partners of the firm was at the relevant time a benamidar of another partner to whom he is not related as a spouse or minor child. This has been done through Notification dated 31-5-1971, regarding the Income-tax (Fourth Amendment)....

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....mended form, the Income-tax Officer should dispose of such an application on merits. Circular: No. 70 [F. No. 210/33/71-IT(A-II)], dated 11-12-1971. CLARIFICATION 2 1. Board had vide their Circular No. 70 [F. No. 210/33/71-IT(A-II)], dated  11-12-1971 [Clarification 1] made a provision to the effect that where applications for fresh registration, continuation or renewal of registrati....