1995 (9) TMI 32

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....e instance of the Commissioner of Income-tax, Trivandrum. They arise out of income-tax assessments for the assessment years 1980-81 and 1981-82. The assessee is a firm constituted by a deed of partnership dated November 1, 1973, with nine partners. The firm was granted registration till the assessment year 1979-80. But for the assessment years 1980-81 and 1981-82, the Income-tax Officer refused to....

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....ribunal took the view that in the light of the ratio of the judgments of this court referred to above the original grant of registration was not proper. But once registration has been granted, the Income-tax Officer has only to see whether the declarations in Form No. 12 have been filed within the prescribed time satisfying all the requirements. Since such conditions are complied with the Income-t....

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....ed to the assessee-firm was wrong is no longer good law. The Full Bench has held that where no minor is admitted to the benefits of the partnership, a firm cannot be refused registration either under section 27 of the Agricultural Income-tax Act, 1950, or under section 184 of the Income-tax Act, 1961, only on the ground that the shares of the individual partners in the loss of the firm have not be....