Partnership deed can be rectified with retrospective effect

HIGH COURT OF ALLAHABAD Commissioner of Income-tax versus Alison Singh & Co. IT REFERENCE No. 140 OF 1987 MARCH 18, 2013 JUDGMENT Ram Surat Ram (Maurya), J. At the instance of the Commissioner of Income Tax, Agra, the Income Tax Appellate Tribunal, ‘B’ Bench, New Delhi (hereinafter referred to as the Tribunal) has referred the following question, for opinion to this Court, under Section 256 of the Income Tax Act, 1961 (hereinafter referred to as the Act):- “Whether on the facts and in the circumstances of the case, the Tribunal was right in reading the...