1971 (11) TMI 41

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.... of the assessee the Income-tax Appellate Tribunal, Delhi Bench, has referred the following question of law. for the opinion of this court. "Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that the Income-tax Officer was justified in not allowing renewal of registration of the firm for the assessment year 1963-64 ?" The assessee-firm was constitu....

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....ined this reference under section 256(1) of the Income-tax Act. From the statement of the case it appears that at its inception the assessee-firm was engaged in the business of tyre retreading. Subsequently, in the year 1963-64 it started the additional business of plying buses. Mr. Pachauri, appearing for the assessee, contended that the Tribunal was not right in holding that the business of p....

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....e-tax. That was a case where the entire object of the partnership was held to be illegal. Even if plying of buses by the assessee was illegal there remains the fact that from its inception the assessee was carrying on the business of retreading tyres, the legality of which has not been assailed. The assessee was, therefore, entitled to the benefit of registration. In this view of the matter, it....