https://www.taxtmi.com/caselaws?id=8663 The court held that the partnership between the karta of a Hindu undivided family and a junior member with separate property was valid. The partnership was entitled to registration under the Income-tax Act, allowing the junior member to bring in separate property and maintain distinct ownership rights. The court distinguished cases where separate assets were not brought in or the business belonged to the family. It emphasized that individual members could enter partnerships for business purposes. The court affirmed the validity of the partnership, excluding income from the family's assessment and awarded costs and counsel fees to the assessee. en-us Mon, 03 Jan 1972 00:00:00 +0530 Wed, 20 May 2009 17:01:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8663 The court held that the partnership between the karta of a Hindu undivided family and a junior member with separate property was valid. The partnership was entitled to registration under the Income-tax Act, allowing the junior member to bring in separate property and maintain distinct ownership rights. The court distinguished cases where separate assets were not brought in or the business belonged to the family. It emphasized that individual members could enter partnerships for business purposes. The court affirmed the validity of the partnership, excluding income from the family's assessment and awarded costs and counsel fees to the assessee. Case-Laws Income Tax Mon, 03 Jan 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8663