722/CBDT.

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....d: 183(b) Statute: Income - Tax Act, 1961 Attention is invited to the provisions of section 183(b) of the I.T.Act, 1961 which authorises the ITO to treat an unregistered firm as a registered fir....

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....ereas now, with effect from assessment year 1971-72 firm as well as partners both will be liable to tax as in the case of an unregistered firm, even if the registration is granted u/s.183 (b). 2. N....