https://www.taxtmi.com/caselaws?id=9234 A genuine partnership registered by instrument specifying the partners' shares could not be denied renewal under section 26A of the Indian Income-tax Act, 1922 merely because one partner was alleged to be a name-lender or benamidar. The Tribunal had found the firm to be genuine and the partnership deed consistent with the Partnership Act and income-tax rules, so the tax authorities' refusal on the theory of a tax-avoidance device could not stand on those facts. Registration may be refused only where the partnership itself is sham or illusory, and that basis was not established in the reference. The Tribunal was therefore justified in directing renewal of registration. en-us Tue, 28 Mar 1972 00:00:00 +0530 Sat, 20 Jun 2009 15:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9234 A genuine partnership registered by instrument specifying the partners' shares could not be denied renewal under section 26A of the Indian Income-tax Act, 1922 merely because one partner was alleged to be a name-lender or benamidar. The Tribunal had found the firm to be genuine and the partnership deed consistent with the Partnership Act and income-tax rules, so the tax authorities' refusal on the theory of a tax-avoidance device could not stand on those facts. Registration may be refused only where the partnership itself is sham or illusory, and that basis was not established in the reference. The Tribunal was therefore justified in directing renewal of registration. Case-Laws Income Tax Tue, 28 Mar 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9234