Court : Guwahati
Decided on : May-30-1969
..... that these were executed for the purpose of management of properties and business. secondly, an account in the state bank of india was converted into a partnership account on december 26, 1951. we have already .dealt with the matter of a. v. morello & co. the most important point for consideration ..... rameswar goenka. the bank account in the name of ganeshdass sreeram, the hindu undivided family, with the state bank of india, shillong, was converted into the partnership account only on december 22, 1951. thirdly, the share income from the firm, a. v. morello & co., shillong, in which the hindu undivided ..... 18, 1954, on attainment of majority of a minor by the name of sankarlal goenka. the partnership firm applied for registration under section 26a of the income-tax act, 1922, hereinafter called the 'old act', for the assessment year 1947-48 in the form prescribed giving all necessary particulars as required. the ..... old act, the firm was already assessed and the income-tax officer could reassess the firm under the old section 34 in the status of an unregistered firm. we have already stated that a partnership deed was executed on september 16, 1946, and the firm was duly registered. thereafter, two partnership deeds were ..... had no nexus to the original partnership does not stand to reason. 19. now turning to the matter whether the impugned notices come within the ambit of section 147(a) of the act, it has been argued on behalf of the department that the non-existence of the firm occasioned .....Tag this Judgment!