https://www.taxtmi.com/caselaws?id=7113 A partnership deed does not defeat renewal of registration merely because a minor admitted to the benefits of partnership is stated to share profits and losses in proportion to his share, provided the deed does not impose personal liability on the minor. Reading the deeds as a whole, the Kerala HC treated the minors as admitted only to the benefits of the firm, consistent with section 30(3) of the Indian Partnership Act, 1932, under which a minor's share may be liable for firm acts but the minor cannot be personally liable. As no personal liability was created, the refusal of registration could not be sustained and renewal was allowable. en-us Mon, 22 Aug 1966 00:00:00 +0530 Tue, 10 Feb 2009 19:06:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7113 A partnership deed does not defeat renewal of registration merely because a minor admitted to the benefits of partnership is stated to share profits and losses in proportion to his share, provided the deed does not impose personal liability on the minor. Reading the deeds as a whole, the Kerala HC treated the minors as admitted only to the benefits of the firm, consistent with section 30(3) of the Indian Partnership Act, 1932, under which a minor's share may be liable for firm acts but the minor cannot be personally liable. As no personal liability was created, the refusal of registration could not be sustained and renewal was allowable. Case-Laws Income Tax Mon, 22 Aug 1966 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7113