Incident

Incident-Meaning.

S. 26-A-Registration of firm Words and phrases-"Constituted by"-Expression means, firm must have been "set up" or "established" "by" deed-Such "setting up" must be in the relevant accounting year-Registration effective from date of deed-Registration to be refused for period antecedent to date of deed in the accounting year-No question of liberal interpretation of S. 26-A (by Fazle-Akbar and Hamoodur Rahman, JJ., Cornelius, C. J., being of the view that registration should be extended to such antecedent period if firm was genuinely in existence during such period, determining date of commencement of firm being a binding duty of Income-tax Officer)-Circular of Central Board of Revenue, departing from provisions of statute-"Course pursued by Board seems to be correct" (Fazle-Akbar and Hamoodur Rahman, JJ., Cornelius, C. J., contra)-Income-tax Act (XI of 1922), Ss. 23 (5) (b) & 28-Income-tax Rules, 1922, rr. 2 to 6-B.