Law:

Section:

Section 2(23) of the Income-tax Act, 1961 - Firm - Definition of - Whether, in view of decision in CIT v. Ram Narain [1980] 126 ITR 267 (Punj & Har), Tribunal was right in law in cancelling assessment of assessee in status of unregistered firm on ground that memorandum of partial partition could not be said to create a sub-partnership relation - Held, yes Note: The decision was in favour of the assessee. CASE REFERRED TO CIT v. Ram Narain [1980] 126 ITR 267 (Punj. & Har.). Ashok Bhan and Ajay Mittal for the Applicant. Gopal Kumar and Sood for the Respondent. JUDGMENT Gokal Chand Mital, J.-The question mentioned under para 9 of the statement of the case, in these references is covered on all fours by the…

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