1972 (6) TMI 5

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....in this reference under section 256(1) of the Income-tax Act, 1961, is as follows : " Whether, on the facts and in the circumstances of the case, the Appellate Tribunal was right in law in holding that the assessee-firm was entitled to the grant of registration for the assessment year 1963-64 under section 185 of the Income-tax Act, 1961 ? " The assessee-firm consisted of four partners. Thou....

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....tration. The Tribunal held that the substitution by itself will not disentitle the assessee for registration. The Tribunal, on a consideration of the evidence before it, came to the conclusion that the partners even as per the original understanding had their accounts closed only on March 31, 1963, and that the accounts of the firm produced before it did not disclose any sign of tampering of the a....