MATREJA AND CO Vs. COMMISSIONER OF INCOME TAX

JUDGEMENT

(1.) THE Income-tax Appellate Tribunal, Allahabad Bench, Allahabad, has under Section 256(1) of the Income-tax Act, 1961 (hereinafter referred to as "the Act"), referred the following question for our opinion:

(2.) THE facts leading to this reference may be briefly stated, In the assessment year 1971-72, the assessee-firm which has been constituted under a deed of partnership dated August 1, 1967, consisted of the following partners:

(3.) TO begin with, inasmuch as it was a case for renewal of registration it would be useful to extract the relevant statutory provisions. The relevant provisions in this behalf are Sections 184(7), 185(3) and Rules 22(5) and 24.