https://www.taxtmi.com/circulars?id=9176 A fresh partnership deed is required only if the partner who attains majority expressly agrees to share in losses; otherwise the original deed remains valid even if losses are borne by some partners. The assessing officer must obtain an affidavit or sworn statement from the partner who attained majority confirming he does not share losses and that profit and loss shares remain unchanged before allowing continuance of registration. en-us Tue, 04 Apr 1978 00:00:00 +0530 Thu, 02 Jun 2011 17:54:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9176 A fresh partnership deed is required only if the partner who attains majority expressly agrees to share in losses; otherwise the original deed remains valid even if losses are borne by some partners. The assessing officer must obtain an affidavit or sworn statement from the partner who attained majority confirming he does not share losses and that profit and loss shares remain unchanged before allowing continuance of registration. Circulars Income Tax Tue, 04 Apr 1978 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9176