https://www.taxtmi.com/caselaws?id=66759 The Tribunal allowed the appeal and granted registration to the firm despite the presence of a minor partner. Padmapriya, who was a minor when the partnership deed was executed, became a full-fledged partner after turning 18 and signed the registration application indicating her intention. The Tribunal held that she could not be held responsible for losses accrued while she was a minor, as profit accrues only on the last day of the accounting year when she was a major. en-us Fri, 17 Jan 1986 00:00:00 +0530 Mon, 07 Mar 2011 11:15:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=66759 The Tribunal allowed the appeal and granted registration to the firm despite the presence of a minor partner. Padmapriya, who was a minor when the partnership deed was executed, became a full-fledged partner after turning 18 and signed the registration application indicating her intention. The Tribunal held that she could not be held responsible for losses accrued while she was a minor, as profit accrues only on the last day of the accounting year when she was a major. Case-Laws Income Tax Fri, 17 Jan 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=66759