https://www.taxtmi.com/caselaws?id=275746 A partner may lawfully agree to share profits from the principal firm with another person without making that person a partner in the main firm; that arrangement is a sub-partnership operating only between the parties to it and leaving the constitution of the head-firm unchanged. The general definition of partnership and the rights of a transferee of a partner's interest did not prevent recognition of such an arrangement. On that basis, the sub-firm was treated as valid in law and entitled to registration under Section 26A of the Income-tax Act, 1922. en-us Thu, 25 Jun 1953 00:00:00 +0530 Mon, 15 Oct 2018 15:01:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=275746 A partner may lawfully agree to share profits from the principal firm with another person without making that person a partner in the main firm; that arrangement is a sub-partnership operating only between the parties to it and leaving the constitution of the head-firm unchanged. The general definition of partnership and the rights of a transferee of a partner's interest did not prevent recognition of such an arrangement. On that basis, the sub-firm was treated as valid in law and entitled to registration under Section 26A of the Income-tax Act, 1922. Case-Laws Income Tax Thu, 25 Jun 1953 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=275746