1984 (6) TMI 72

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....d that during the accounting year there were six partners and one of them, Shri J. Shamsunder, had not signed. The assessee explained that Shamsunder ceased to be a partner with effect from 3-4-1981 and a fresh deed of partnership was drawn up on 4-4-1981. Hence, Shamsunder has not signed. The IAC held that the new partnership deed will be applicable for the assessment year 1982-83. He refused reg....

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....as held that the furnishment of declaration contemplated by the second proviso to section 184(7) of the Income-tax Act, 1961, is by the ' firm ' alone, which, in turn, would only mean its partners as constituted at the time of making the declaration. It is those partners who would be adversely affected in consequence of non-continuance of registration. In our view, the above ratio squarely applies....