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1 - 10 of 24 (0.22 seconds)Section 30 in The Income Tax Act, 1961 [Entire Act]
The Income Tax Act, 1961
Section 185 in The Income Tax Act, 1961 [Entire Act]
Section 63 in The Income Tax Act, 1961 [Entire Act]
Section 31 in The Income Tax Act, 1961 [Entire Act]
Section 4 in The Indian Partnership Act, 1932 [Entire Act]
Section 26A in Income Tax Rules, 1962 [Entire Act]
Section 11 in The Income Tax Act, 1961 [Entire Act]
Ganesh Lal Laxmi Narain vs Commissioner Of Income-Tax [1968] 68 ... on 14 March, 1967
3. On July 29, 1968, the Income-tax Officer assessed the petitioner-firm as an unregistered firm holding that the constitution of the firm had suffered a change in view of Ram Mohan attaining majority and a fresh partnership deed should have been executed. The petitioner-firm appealed to the Appellate Assistant Commissioner, and the appeal was dismissed on October 22, 1969. The petitioner-firm then applied in revision, and on August 17, 1970, the Additional Commissioner of Income-tax rejected the revision application. The Additional Commissioner affirmed the view that upon Ram Mohan attaining majority there had been a change in the constitution of the firm, and he relied on the decision of this court in Ganesh Lal Laxmi Narain v. Commissioner of Income-tax, [1968] 60 I.T.R. 696 (All.). He held that a fresh
partnership deed should have been executed and an application made for fresh registration. Besides, he pointed out, there was no clause in the partnership deed spelling out the shares of the individual partners in the event of a minor attaining majority.