https://www.taxtmi.com/caselaws?id=8069 A firm is entitled to registration only if, in the relevant accounting year, its business is actually carried on in conformity with the material terms of the operative partnership deed. Here, the capital of the new partners was introduced by transfer entries after the stated commencement date, the supposed shift from paid employment was not reflected in practice because the sons continued as salaried staff, and the deed clause allowing all partners to operate banking arrangements was not observed because account operation was limited to selected partners. Registration under section 26A therefore failed. en-us Wed, 18 Nov 1970 00:00:00 +0530 Fri, 27 Mar 2009 18:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8069 A firm is entitled to registration only if, in the relevant accounting year, its business is actually carried on in conformity with the material terms of the operative partnership deed. Here, the capital of the new partners was introduced by transfer entries after the stated commencement date, the supposed shift from paid employment was not reflected in practice because the sons continued as salaried staff, and the deed clause allowing all partners to operate banking arrangements was not observed because account operation was limited to selected partners. Registration under section 26A therefore failed. Case-Laws Income Tax Wed, 18 Nov 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8069