https://www.taxtmi.com/caselaws?id=5348 A valid partnership may exist between the karta of a Hindu undivided family and a coparcener who joins as a working partner by contributing only skill and labour. Partnership law permits persons to agree to share profits of a business carried on by all or any of them acting for all, and there is no legal bar merely because one participant is a coparcener. Skill and labour were treated as a real and valuable contribution, and as the separate asset of the individual coparcener rather than property of the family. The arrangement was not shown to be fictitious or otherwise invalid, so the partnership was upheld as genuine and legally effective. en-us Thu, 24 Oct 1991 00:00:00 +0530 Mon, 24 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5348 A valid partnership may exist between the karta of a Hindu undivided family and a coparcener who joins as a working partner by contributing only skill and labour. Partnership law permits persons to agree to share profits of a business carried on by all or any of them acting for all, and there is no legal bar merely because one participant is a coparcener. Skill and labour were treated as a real and valuable contribution, and as the separate asset of the individual coparcener rather than property of the family. The arrangement was not shown to be fictitious or otherwise invalid, so the partnership was upheld as genuine and legally effective. Case-Laws Income Tax Thu, 24 Oct 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5348