1977 (11) TMI 38

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....er section 66(1) of the Indian Income-tax Act, 1922, is as follows : " Whether, on the facts and in the circumstances of the case, the assessee-firm was entitled to registration under section 26A of the Income-tax Act, 1922 ? " In this reference, we are concerned with the deed of partnership dated 1st September, 1959, annexure " A " to the statement of case, together with a deed of amendment....

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....igh Court in the case of Murlidhar Kishangopal v. Commissioner of Income-tax, [1963] 50 ITR 628 (MP) and, applying the principles enunciated therein, the Tribunal held that, on the facts and circumstances of the case, there was a valid partnership formed expressly in the manner it has been done in consonance with the provisions of the Indian Partnership Act, 1932, and further that the said partner....