| Citation(s) |
|---|
| 1992 SLG 68 1992 SLD 68 1992 PTD 419 |
Supreme Court of India
Civil Appeal No.1360 of 1978, decision dated: 15-01-1991
M. M. KASLIWAL AND K. RAMASWAMY, JJ
B. Parthasarathy, Advocate for Appellant. Dr. V. Gauri Shankar, Senior Advocate (S. Rajappa and Ms. A. Subhashini, Advocates with him), for
Respondent
Civil Appeal No.1360 of 1978, decision dated: 15-01-1991
M. M. KASLIWAL AND K. RAMASWAMY, JJ
B. Parthasarathy, Advocate for Appellant. Dr. V. Gauri Shankar, Senior Advocate (S. Rajappa and Ms. A. Subhashini, Advocates with him), for
Respondent
SRI RAMAMOHAN MOTOR SERVICE
VS
COMMISSIONER OF IncomE tax
Law: Income Tax Act, 1922
Section:
Income-tax---Firm---Registration---Original deed in which minor made liable for losses invalid---Fresh deed admitting minor to benefits of partnership executed after end of accounting period---No valid deed in existence during accounting period---Firm not entitled to registration. A partnership was entered into by a deed dated February 5, 1955, which was invalid as it had made a minor also a partner sharing losses alongwith profits. A fresh deed was executed on June 28, 1962, by which the minor was admitted only to the benefits of the partnership. The High Court held that the Income-tax Officer was right in refusing registration to the firm for the accounting period ending December 21,…
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