<?xml version="1.0" encoding="UTF-8"?>
<?xml-stylesheet type="text/xsl" href="https://www.taxtmi.com/rss_sitemap/rss_feed_blog.xsl?v=1750492856"?>
<rss version="2.0" xmlns:atom="http://www.w3.org/2005/Atom">
  <channel>
    <title>1981 (8) TMI 118 - ITAT HYDERABAD-B</title>
    <link>https://www.taxtmi.com/caselaws?id=66745</link>
    <description>A minor admitted to the benefits of partnership who attains majority may become a partner without a fresh deed where the profit-sharing arrangement and liability for losses remain unchanged, and a departmental circular supported that position. A later reference to representation by another person did not make the partner a benamidar, because the deed had to be read as a whole and showed her as contracting in her own right. Payment of salary to a partner, even if not expressly mentioned in the deed, did not by itself invalidate the firm for registration, as such an arrangement could arise orally without altering the partnership terms.</description>
    <language>en-us</language>
    <pubDate>Thu, 13 Aug 1981 00:00:00 +0530</pubDate>
    <lastBuildDate>Mon, 07 Mar 2011 10:36:51 +0530</lastBuildDate>
    <generator>TaxTMI RSS Generator</generator>
    <atom:link href="https://www.taxtmi.com/rss_feed_blog?id=105180" rel="self" type="application/rss+xml"/>
    <item>
      <title>1981 (8) TMI 118 - ITAT HYDERABAD-B</title>
      <link>https://www.taxtmi.com/caselaws?id=66745</link>
      <description>A minor admitted to the benefits of partnership who attains majority may become a partner without a fresh deed where the profit-sharing arrangement and liability for losses remain unchanged, and a departmental circular supported that position. A later reference to representation by another person did not make the partner a benamidar, because the deed had to be read as a whole and showed her as contracting in her own right. Payment of salary to a partner, even if not expressly mentioned in the deed, did not by itself invalidate the firm for registration, as such an arrangement could arise orally without altering the partnership terms.</description>
      <category>Case-Laws</category>
      <law>Income Tax</law>
      <pubDate>Thu, 13 Aug 1981 00:00:00 +0530</pubDate>
      <guid isPermaLink="true">https://www.taxtmi.com/caselaws?id=66745</guid>
    </item>
  </channel>
</rss>