https://www.taxtmi.com/caselaws?id=9308 A partnership must be genuine on the evidence, and the tax authorities may reject it where the deed, conduct of the parties, and accounts show only a paper arrangement used to reduce tax liability; the finding of no genuine partnership was upheld. Registration under section 26A also required compliance with the rules on proper division or credit of profits in the books, and that requirement was not proved, so registration was rightly refused. However, the mere presence of benamidars among the alleged partners was not, by itself, an independent bar to registration if the statutory requirements were otherwise met. en-us Mon, 24 Sep 1973 00:00:00 +0530 Sun, 21 Jun 2009 18:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9308 A partnership must be genuine on the evidence, and the tax authorities may reject it where the deed, conduct of the parties, and accounts show only a paper arrangement used to reduce tax liability; the finding of no genuine partnership was upheld. Registration under section 26A also required compliance with the rules on proper division or credit of profits in the books, and that requirement was not proved, so registration was rightly refused. However, the mere presence of benamidars among the alleged partners was not, by itself, an independent bar to registration if the statutory requirements were otherwise met. Case-Laws Income Tax Mon, 24 Sep 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9308