https://www.taxtmi.com/caselaws?id=7030 A partnership with strangers entered into by one or more coparceners in a representative capacity on behalf of a Hindu undivided family is valid in law, and the family does not become a partner merely because joint family funds contribute to the capital. The members who actually contract are the partners under the Partnership Act, while the beneficial interest in profits may remain with the family. Registration under section 26A therefore depends on the existence of a genuine and valid partnership, and where that requirement is met, cancellation of registration is unjustified and the firm is entitled to registration. en-us Fri, 15 Jul 1966 00:00:00 +0530 Sun, 08 Feb 2009 09:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7030 A partnership with strangers entered into by one or more coparceners in a representative capacity on behalf of a Hindu undivided family is valid in law, and the family does not become a partner merely because joint family funds contribute to the capital. The members who actually contract are the partners under the Partnership Act, while the beneficial interest in profits may remain with the family. Registration under section 26A therefore depends on the existence of a genuine and valid partnership, and where that requirement is met, cancellation of registration is unjustified and the firm is entitled to registration. Case-Laws Income Tax Fri, 15 Jul 1966 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7030