https://www.taxtmi.com/caselaws?id=169651 A firm could not obtain registration under Section 26A because the alleged gifts to sons and employees were not valid transfers: the parties had no independent means, no cash or property actually passed, and book entries and an unregistered partnership deed were insufficient. In Burma, a gift by one Mahomedan to another had to satisfy Section 123 of the Transfer of Property Act, and the deed could not transfer immovable capital without registration. The instrument therefore did not establish genuine capital contributions or true shares. The court also held that it could not require the Commissioner to state a case under Section 66(3) where the specific question had not first been raised in the Section 66(2) application. en-us Wed, 06 Apr 1938 00:00:00 +0530 Wed, 29 Apr 2015 11:54:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=169651 A firm could not obtain registration under Section 26A because the alleged gifts to sons and employees were not valid transfers: the parties had no independent means, no cash or property actually passed, and book entries and an unregistered partnership deed were insufficient. In Burma, a gift by one Mahomedan to another had to satisfy Section 123 of the Transfer of Property Act, and the deed could not transfer immovable capital without registration. The instrument therefore did not establish genuine capital contributions or true shares. The court also held that it could not require the Commissioner to state a case under Section 66(3) where the specific question had not first been raised in the Section 66(2) application. Case-Laws Income Tax Wed, 06 Apr 1938 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=169651