1993 (1) TMI 62

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....el for the parties, we are not satisfied that the order of the Income-tax Appellate Tribunal gives rise to any statable question of law. The order passed by the Income-tax Appellate Tribunal is concluded by findings of fact. The question for consideration before the Tribunal was whether the Income-tax Officer rightly refused registration to the assessee-firm for the assessment year 1983-84 on the ....

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....ch partner was credited in terms of partnership deed to his/her account. Not only that the partners had also operated their accounts. Further, the mere fact that two partners had actually controlled the business and the others had been dormant partners does not invalidate the partnership agreement. In fact the assessment of two partners had also been completed taking their share from the firm as s....