PANNA LAL BABU LAL vs COMMISSIONER OF INCOME-TAX, U. P. — 1972 PTD 501

Citation: 1972 PTD 501

Court: Allahabad High Court

Year: 1968

Decision Date: 1968-11-28

Parties: PANNA LAL BABU LAL vs COMMISSIONER OF INCOME-TAX, U. P.

Headnotes

Case cited as 1972 PTD 501

Judgment Text

Court Name: Allahabad High Court Judge(s): V. G. Oak, T. P. Mukherjee Title: PANNA LAL BABU LAL vs COMMISSIONER OF INCOME-TAX, U. P. Case No.: Income-tax Reference No. 162 of 1962 Date of Judgment:1968-11-28 Reported As: 1972 PTD 501 Result: N/A JUDGMENT JUDGMENT V. G. OAK, C. J.-This is reference under section 66(1) of the than Income-tax Act. 1922, hereafter referred to as the Act. Messrs Panna Lal Babu Lal is the assessse. This firm was instituted under a deed of partnership executed on November 3, 1942. At that time there were four partners : (1) Babu Lal, (2) Suraj Prasad, (3) Girdharilal and (4) Pannalal. The firm was registered under section 26-A of the Act for the assessm ent year 1944-45. Registration was renewed from yeas year up to the assessm ent year 1956-57. Girdharilal, partner, A in July 1954, during the accounting period corresponding to the assessm ent year 1955-56. In spite of Girdharilal's death, registration was renewed for the assessm ent year 1955-56 and 1956-57. An application for renewal of registration was filed for the assessm ent year 1957-58. This application for renewal was signed by Babu Lal, Suraj Prasad, Panna Lal and one Hari Shanker. It was explained on behalf of the firm that Girdharilal was dead ; and his share in the partnership is now represented by his son, Hari Shanker. The Income-tax Officer concluded that on these facts the firm was not entitled to renewal of registration. The application for renewal was, therefore, dismissed. The…

Read the full judgment on Al Wakeelo — Pakistan's AI-powered legal research platform.