https://www.taxtmi.com/caselaws?id=7075 Registration under section 26A of the Income-tax Act, 1922 required a valid instrument of partnership showing the existing partners and their individual shares, and the annual division or credit of profits in accordance with the statute. The partnership deed here named only two partners and treated the third person as a minor admitted to benefits, so it did not support registration of the altered firm constitution. The record also showed that profits were neither divided nor credited as required. Refusal of registration was therefore justified on both grounds, and the question referred was answered in favour of the Revenue. en-us Fri, 14 Jul 1967 00:00:00 +0530 Sun, 08 Feb 2009 11:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7075 Registration under section 26A of the Income-tax Act, 1922 required a valid instrument of partnership showing the existing partners and their individual shares, and the annual division or credit of profits in accordance with the statute. The partnership deed here named only two partners and treated the third person as a minor admitted to benefits, so it did not support registration of the altered firm constitution. The record also showed that profits were neither divided nor credited as required. Refusal of registration was therefore justified on both grounds, and the question referred was answered in favour of the Revenue. Case-Laws Income Tax Fri, 14 Jul 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7075