https://www.taxtmi.com/caselaws?id=7502 A minor cannot be made a full partner under section 30 of the Indian Partnership Act, and may only be admitted to the benefits of partnership with the consent of the adult partners. Where a registration or renewal application describes a minor as entitled to profits and liable for losses, the firm is inconsistent with that statutory scheme and cannot qualify for registration under section 26A of the Indian Income-tax Act, 1922. The authorities must assess the partnership as presented in the application, and cannot disregard the loss-sharing reference. On that basis, renewal of registration was rightly refused. en-us Tue, 10 Dec 1968 00:00:00 +0530 Fri, 20 Feb 2009 18:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7502 A minor cannot be made a full partner under section 30 of the Indian Partnership Act, and may only be admitted to the benefits of partnership with the consent of the adult partners. Where a registration or renewal application describes a minor as entitled to profits and liable for losses, the firm is inconsistent with that statutory scheme and cannot qualify for registration under section 26A of the Indian Income-tax Act, 1922. The authorities must assess the partnership as presented in the application, and cannot disregard the loss-sharing reference. On that basis, renewal of registration was rightly refused. Case-Laws Income Tax Tue, 10 Dec 1968 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7502