1962 (9) TMI 90

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....nnexure "B" aforesaid?" The facts giving rise to this reference, as disclosed in the statement of the case, are these. Madanlal, who was dealing in silver and gold ornaments, was the sole proprietor of the business which he carried on. He entered into an agreement with his brother, Chhaganlal, by which they became equal partners in the business with effect from October 24, 1957. The terms and conditions on which they joined the partnership are contained in the deed dated January 9, 1958. One of these terms provides that each partner will be entitled to interest at 6 per cent. per annum on his capital investment. This partnership was duly registered with the Registrar of Firms and the bankers were also informed of the change in the owners....

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....cation referred to in rule 3, the Income-tax Officer is satisfied that there is or was a firm in existence constituted as shown in the instrument of partnership and that the application has been properly made, he shall enter in writing at the foot of the instrument or certified copy, as the case may be, a certificate in the following form, namely: 'This instrument of partnership/certified copy of an instrument of partnership, has this day been registered with me, the Income-tax Officer for..............in the State of...............under section 26A of the Indian Income-tax Act, 1922, and this certificate of registration shall have effect for the assessment for the year ending on the 31st day of March 19.' (2)If th....