https://www.taxtmi.com/caselaws?id=277034 A partnership deed remains valid between competent adult partners even if minors are described as partners, provided the deed can reasonably be construed as admitting the minors only to the benefits of partnership. Under section 30 of the Partnership Act, a minor cannot be a full partner but may be admitted to partnership benefits with consent; for income-tax purposes, a minor so admitted is treated within the expression "partner" under section 2(6B) of the 1922 Act. Clauses purporting to impose loss liability on minors do not alter their legal status. On that construction, the firm is registerable under section 26A. en-us Fri, 26 Apr 1957 00:00:00 +0530 Thu, 22 Nov 2018 14:55:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277034 A partnership deed remains valid between competent adult partners even if minors are described as partners, provided the deed can reasonably be construed as admitting the minors only to the benefits of partnership. Under section 30 of the Partnership Act, a minor cannot be a full partner but may be admitted to partnership benefits with consent; for income-tax purposes, a minor so admitted is treated within the expression "partner" under section 2(6B) of the 1922 Act. Clauses purporting to impose loss liability on minors do not alter their legal status. On that construction, the firm is registerable under section 26A. Case-Laws Income Tax Fri, 26 Apr 1957 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277034