https://www.taxtmi.com/caselaws?id=71616 A partnership may be established by the parties' conduct and surrounding circumstances, even without a written deed. On the facts, the joint acquisition and development of property, continued joint action after the death of one partner, and later contractual ratification supported the finding of an existing partnership before 15-12-1993. The arrangement dated 15-12-1993 was also held to be genuine, not a sham or colourable device to convert land rights into cash and avoid capital gains tax on retirement. In the absence of evidence of tax avoidance, the capital gains addition was deleted. en-us Fri, 11 Jan 2002 00:00:00 +0530 Tue, 26 Apr 2011 11:05:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=71616 A partnership may be established by the parties' conduct and surrounding circumstances, even without a written deed. On the facts, the joint acquisition and development of property, continued joint action after the death of one partner, and later contractual ratification supported the finding of an existing partnership before 15-12-1993. The arrangement dated 15-12-1993 was also held to be genuine, not a sham or colourable device to convert land rights into cash and avoid capital gains tax on retirement. In the absence of evidence of tax avoidance, the capital gains addition was deleted. Case-Laws Income Tax Fri, 11 Jan 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=71616