1981 (5) TMI 44

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....in relation to asst. yr. 1977-78, under s. 263 of the IT Act, 1961 whereby the CIT has cancelled the registration granted to the assessee-firm by the ITO for the asst. year under appeal. He has further directed the ITO to re-assess the firm as an unregistered firm and also to make consequential amendments in the case of the partners also. 2. The CIT in the impugned order observes that,— "F....

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...., hence, a bona fide one and it has been rectified subsequently. Reliance was also placed on the ratio of the decision of the Allahabad High Court in the case of CIT vs. Hari Ram Khanna (1978) CTR (All) 23 : (1979) 116 ITR 886 (All), as also on the decision of the Jaipur Bench of the Tribunal made in ITA Nos. 645 to 647 (JP) of 1979. 3. The CIT held that the facts of the case led him to on irre....

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....ade before us, are of the view, that the CIT has not fully replied the contentions raised before him on behalf of the assessee inasmuch as the CIT has neither taken cognizance or also discussed the ratio of the decision of the Allahabad High Court as also he has totally ignored the order of the Jaipur Bench of the Tribunal. The facts of the assessee's case are on all fours with the facts of the ca....