1996 (2) TMI 77

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....after referred to as "the Act"), at the instance of the Revenue and the following question of law has been referred by the Tribunal for answer of this court, which reads as under : " Whether, on the facts and in the circumstances of the case, the agreement dated November 6, 1981, between S. U. Pumps Pvt. Ltd. and its seven employees brought into existence a valid partnership entitled to registr....

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....gainst the order of the Income-tax Officer, the assessee approached the Appellate Assistant Commissioner and the Appellate Assistant Commissioner confirmed the view taken by the Income-tax Officer in rejecting the registration to the assessee-firm. Aggrieved against the order of the Appellate Assistant Commissioner, the assessee preferred second appeal before the Tribunal and the Tribunal befor....

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....t registration because under section 18 of the Partnership Act (sic), the Income-tax Officer has to see that partnership is evident from the instrument and share of the partners are to be specified in the instrument. In the present case, it appears that there is a proper partnership deed and all the shares of the partners have been detailed therefore, these two requirements have been fulfilled and....