https://www.taxtmi.com/caselaws?id=7810 A valid partnership for income-tax registration requires a coparcener to contribute separate or self-acquired property; mere participation as a working partner is insufficient. Where the business consisted of inherited family assets and capital, and the coparcener brought in no independent property, the arrangement could not be treated as a lawful partnership for renewal of registration. On the same facts, the business was properly treated as Hindu undivided family property, and assessment on that basis was upheld because the coparcener's involvement did not create a valid partnership inter se. The reference accordingly sustained the Revenue's position on both issues. en-us Mon, 02 Feb 1970 00:00:00 +0530 Thu, 19 Mar 2009 15:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7810 A valid partnership for income-tax registration requires a coparcener to contribute separate or self-acquired property; mere participation as a working partner is insufficient. Where the business consisted of inherited family assets and capital, and the coparcener brought in no independent property, the arrangement could not be treated as a lawful partnership for renewal of registration. On the same facts, the business was properly treated as Hindu undivided family property, and assessment on that basis was upheld because the coparcener's involvement did not create a valid partnership inter se. The reference accordingly sustained the Revenue's position on both issues. Case-Laws Income Tax Mon, 02 Feb 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7810