https://www.taxtmi.com/circulars?id=9034 A minor admitted to the benefits of a partnership must be counted as a "person" for statutory limits; if the total number of persons thus exceeds the permitted limit under the Companies Act restriction, the partnership is illegal and should be assessed for income-tax purposes as an association of persons. en-us Tue, 21 Sep 1976 00:00:00 +0530 Wed, 01 Jun 2011 17:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9034 A minor admitted to the benefits of a partnership must be counted as a "person" for statutory limits; if the total number of persons thus exceeds the permitted limit under the Companies Act restriction, the partnership is illegal and should be assessed for income-tax purposes as an association of persons. Circulars Income Tax Tue, 21 Sep 1976 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9034