https://www.taxtmi.com/caselaws?id=277033 A family arrangement was treated as co-ownership and management, not a partnership, because it did not show an intention to constitute the parties as partners. The partnership deed was not invalid merely because one signatory, though described as a major, was in fact a minor; any invalidity as against the minor did not defeat the agreement between the adult members. On the facts, the adult members formed a valid partnership and the minor could be treated as admitted to the benefits of partnership for income-tax purposes. Subsequent release and ratification deeds were irrelevant because they were executed after the registration application. Registration under Section 26A was therefore allowed. en-us Thu, 13 Mar 1952 00:00:00 +0530 Thu, 22 Nov 2018 14:52:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277033 A family arrangement was treated as co-ownership and management, not a partnership, because it did not show an intention to constitute the parties as partners. The partnership deed was not invalid merely because one signatory, though described as a major, was in fact a minor; any invalidity as against the minor did not defeat the agreement between the adult members. On the facts, the adult members formed a valid partnership and the minor could be treated as admitted to the benefits of partnership for income-tax purposes. Subsequent release and ratification deeds were irrelevant because they were executed after the registration application. Registration under Section 26A was therefore allowed. Case-Laws Income Tax Thu, 13 Mar 1952 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277033