https://www.taxtmi.com/caselaws?id=70627 The Tribunal allowed the appeals in a case concerning the reconstitution of firms and registration under the Income Tax Act. The refusal of registration by the Income Tax Officer was overturned as the Tribunal determined that the minors involved were not considered partners under the law. The partnership deeds involving minors were found to be valid as the guardians, who were majors, were deemed the partners responsible for profits and losses, while the minors were not considered full-fledged partners. Consequently, the firms were granted registration, and the lower authorities' decisions were reversed. en-us Fri, 21 Jun 1985 00:00:00 +0530 Mon, 18 Apr 2011 11:50:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70627 The Tribunal allowed the appeals in a case concerning the reconstitution of firms and registration under the Income Tax Act. The refusal of registration by the Income Tax Officer was overturned as the Tribunal determined that the minors involved were not considered partners under the law. The partnership deeds involving minors were found to be valid as the guardians, who were majors, were deemed the partners responsible for profits and losses, while the minors were not considered full-fledged partners. Consequently, the firms were granted registration, and the lower authorities' decisions were reversed. Case-Laws Income Tax Fri, 21 Jun 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70627