https://www.taxtmi.com/caselaws?id=193101 An instrument creating a firm was held to be a deed of partnership, not a conveyance, because the properties had been treated as brought into the common stock by prior arrangement and intention. Under partnership law, property may enter partnership assets without a formal transfer, and the document contained no dispositive words transferring title from one party to the others. Clause 8 was read only as a declaration of partnership rights arising from the contribution of property to the firm. The instrument therefore did not attract stamp duty as a conveyance and was liable only to the duty applicable to partnership deeds. en-us Mon, 27 Jan 1969 00:00:00 +0530 Thu, 13 Jul 2017 13:12:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193101 An instrument creating a firm was held to be a deed of partnership, not a conveyance, because the properties had been treated as brought into the common stock by prior arrangement and intention. Under partnership law, property may enter partnership assets without a formal transfer, and the document contained no dispositive words transferring title from one party to the others. Clause 8 was read only as a declaration of partnership rights arising from the contribution of property to the firm. The instrument therefore did not attract stamp duty as a conveyance and was liable only to the duty applicable to partnership deeds. Case-Laws Indian Laws Mon, 27 Jan 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193101