https://www.taxtmi.com/caselaws?id=62111 A partnership deed that allocates profit or loss in proportion to capital, without leaving any part of the loss unallocated, supports a valid loss-sharing arrangement for registration purposes; a reference to a minor's limited liability does not by itself create a defect in that arrangement. A finding that a registration application was filed, when drawn from surrounding circumstances and the absence of direct departmental records, remains a factual conclusion and does not automatically raise a question of law. On that basis, the reference applications were rejected because the issues were either decided against the assessee or did not disclose any referable question of law. en-us Wed, 01 Jun 1977 00:00:00 +0530 Tue, 18 Jan 2011 11:31:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62111 A partnership deed that allocates profit or loss in proportion to capital, without leaving any part of the loss unallocated, supports a valid loss-sharing arrangement for registration purposes; a reference to a minor's limited liability does not by itself create a defect in that arrangement. A finding that a registration application was filed, when drawn from surrounding circumstances and the absence of direct departmental records, remains a factual conclusion and does not automatically raise a question of law. On that basis, the reference applications were rejected because the issues were either decided against the assessee or did not disclose any referable question of law. Case-Laws Income Tax Wed, 01 Jun 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62111