https://www.taxtmi.com/caselaws?id=65797 The Tribunal upheld the rejection of firm registration under the Income Tax Act, 1961. It found the partnership deed valid but concluded that the declaration in Form No. 11, which conflicted with the deed, justified the Income Tax Officer's decision to deny registration. The minor admitted to the benefits of the partnership was not personally liable for losses, and any unadjusted losses were to be shared equally among major partners. The Tribunal reversed the Appellate Assistant Commissioner's decision, supporting the Income Tax Officer's denial of registration. en-us Sat, 03 Mar 1984 00:00:00 +0530 Fri, 18 Feb 2011 17:31:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=65797 The Tribunal upheld the rejection of firm registration under the Income Tax Act, 1961. It found the partnership deed valid but concluded that the declaration in Form No. 11, which conflicted with the deed, justified the Income Tax Officer's decision to deny registration. The minor admitted to the benefits of the partnership was not personally liable for losses, and any unadjusted losses were to be shared equally among major partners. The Tribunal reversed the Appellate Assistant Commissioner's decision, supporting the Income Tax Officer's denial of registration. Case-Laws Income Tax Sat, 03 Mar 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=65797