Rajasthan Court August 2002 Judgments

Deep Enterprise Vs. Cit

Court: Rajasthan

Reported in: (2002)178CTR(Raj)534

By the CourtOn an application filed under section 256(1) of the Income Tax Act, 1961, the Tribunal has referred the following question for our opinion.'Whether, on the facts and circumstances of the case, the Tribunal was right in coming to the conclusion that the firm was not a genuine one on the strength of the statement made by the lady partner ?'2. The assessee-firm was formed by means of partnership deed dated 21-7-1980, and the shares of the partners, the ratio of profits and losses of the partners have been shown in the partnership deed. The assessee had moved an application for registration of the firm. The Income Tax Officer examined one of the lady partners of the firm namely, Smt. Meena Ramchand. After examining Smt. Meena Ramchand, the Income Tax Officer was of the view that the firm is not a genuine one and rejected the application moved for the registration of the firm.3. In an appeal filed before the Appellate Assistant Commissioner, Jaipur, the Appellate Assistant Commi...