https://www.taxtmi.com/caselaws?id=276957 Registration under section 26A of the Indian Income Tax Act, 1922 required an instrument of partnership that itself disclosed a lawful partnership between identifiable individual partners. A deed describing one constituent as a firm, rather than the partners composing it, was ineffective because a firm is not a separate legal person capable of being a partner in its own name. The instrument also had to specify the individual shares of the partners; that defect could not be cured by relying on an earlier deed. Minors admitted only to the benefits of partnership could not be made liable for losses, and the deed was inconsistent with that statutory position. Registration was therefore not available. en-us Fri, 18 Aug 1961 00:00:00 +0530 Wed, 21 Nov 2018 10:21:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276957 Registration under section 26A of the Indian Income Tax Act, 1922 required an instrument of partnership that itself disclosed a lawful partnership between identifiable individual partners. A deed describing one constituent as a firm, rather than the partners composing it, was ineffective because a firm is not a separate legal person capable of being a partner in its own name. The instrument also had to specify the individual shares of the partners; that defect could not be cured by relying on an earlier deed. Minors admitted only to the benefits of partnership could not be made liable for losses, and the deed was inconsistent with that statutory position. Registration was therefore not available. Case-Laws Income Tax Fri, 18 Aug 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276957