1986 (7) TMI 39

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....ATHA SHETTY, Actg. C.J.-This is a reference under section 256(1) of the Income-tax Act, 1961, the question referred for the opinion of this court is: " Whether, on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal is right in law in granting registration to the firm even though clause 15 of the instrument of partnership curtailed power of two of the partners to t....