https://www.taxtmi.com/caselaws?id=9437 A coparcener is not precluded from entering into a partnership with the karta of a Hindu undivided family merely because he remains a family member, and capital contribution is not the only valid consideration. Where the coparcener is admitted as a working partner and contributes skill, labour, or expertise, the partnership may be validly constituted. On that footing, a refusal of renewal or grant of registration based solely on the supposed absence of capital contribution cannot stand, and the partner cannot be treated as a mere name-lender if the factual record shows real participation in business. en-us Mon, 27 Jun 2005 00:00:00 +0530 Mon, 22 Jun 2009 18:47:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9437 A coparcener is not precluded from entering into a partnership with the karta of a Hindu undivided family merely because he remains a family member, and capital contribution is not the only valid consideration. Where the coparcener is admitted as a working partner and contributes skill, labour, or expertise, the partnership may be validly constituted. On that footing, a refusal of renewal or grant of registration based solely on the supposed absence of capital contribution cannot stand, and the partner cannot be treated as a mere name-lender if the factual record shows real participation in business. Case-Laws Income Tax Mon, 27 Jun 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9437