https://www.taxtmi.com/caselaws?id=70096 A partner's immovable property may become partnership property without a registered deed if the intention to treat it as firm property is clearly shown. The text explains that section 14 of the Partnership Act recognises property brought into the stock of the firm or acquired for the firm, and that book entries, party conduct, and surrounding circumstances can establish the necessary intention. On that basis, the property ceased to be the individual partner's asset from 1-5-1979, so the income arising thereafter was not assessable in her personal hands. The discussion emphasises that registration is not indispensable where the factual intention to contribute the property to the firm is proved. en-us Thu, 18 Aug 1988 00:00:00 +0530 Thu, 14 Apr 2011 12:52:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70096 A partner's immovable property may become partnership property without a registered deed if the intention to treat it as firm property is clearly shown. The text explains that section 14 of the Partnership Act recognises property brought into the stock of the firm or acquired for the firm, and that book entries, party conduct, and surrounding circumstances can establish the necessary intention. On that basis, the property ceased to be the individual partner's asset from 1-5-1979, so the income arising thereafter was not assessable in her personal hands. The discussion emphasises that registration is not indispensable where the factual intention to contribute the property to the firm is proved. Case-Laws Income Tax Thu, 18 Aug 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70096