https://www.taxtmi.com/caselaws?id=276602 A Hindu undivided family business can be treated as partitioned for income-tax purposes without physical division of the undertaking, if the shares are specified and the accounts show separate treatment; the cloth business was therefore no longer joint family property. A partnership between competent adult coparceners remains valid even if a minor is mentioned in the deed, provided the minor is only admitted to the benefits of the firm and not made a partner by contract; the business was thus capable of registration under Section 26A of the Income-tax Act, 1922. en-us Thu, 13 Mar 1952 00:00:00 +0530 Wed, 14 Nov 2018 15:24:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276602 A Hindu undivided family business can be treated as partitioned for income-tax purposes without physical division of the undertaking, if the shares are specified and the accounts show separate treatment; the cloth business was therefore no longer joint family property. A partnership between competent adult coparceners remains valid even if a minor is mentioned in the deed, provided the minor is only admitted to the benefits of the firm and not made a partner by contract; the business was thus capable of registration under Section 26A of the Income-tax Act, 1922. Case-Laws Income Tax Thu, 13 Mar 1952 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276602