CIT Vs. CHARBHUJA TRADING CO

JUDGEMENT

(1.) This appeal has been filed by revenue, against the judgment of the Tribunal dated 2-2-2005, accepting the appeal of the assessee, and deleting the addition made by the assessing officer, and confirmed in appeal, so also treating Form No. 12 to have been filed on 26-1-1992, and at the same time, holding, that the assessing officer has not verified the statements made by the assessee.

(2.) The appeal was admitted by framing following three substantial questions of law:

(3.) Whether in the facts and circumstances of the case, the Tribunal was justified in law in allowing registration of the firm under Section 184(7) of the Act of 1961 without there being any application having been moved when according to the admitted case of the assessee the earlier counsel has failed to produce the application of the registration of the firm