https://www.taxtmi.com/caselaws?id=277080 A partnership deed executed for registration under section 26A was treated as sufficient to constitute the firm under an instrument from the date of the deed, even though it recited an earlier oral partnership on the same terms. The court rejected a strict literal reading that would deny registration merely because the firm had first existed by oral agreement, and gave effect to the statutory object of allowing registration where the partnership shares are specified. The deed could not operate retrospectively for assessment purposes, but it was effective prospectively from its execution, so registration was allowed in favour of the assessee. en-us Thu, 03 Dec 1953 00:00:00 +0530 Fri, 23 Nov 2018 18:28:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277080 A partnership deed executed for registration under section 26A was treated as sufficient to constitute the firm under an instrument from the date of the deed, even though it recited an earlier oral partnership on the same terms. The court rejected a strict literal reading that would deny registration merely because the firm had first existed by oral agreement, and gave effect to the statutory object of allowing registration where the partnership shares are specified. The deed could not operate retrospectively for assessment purposes, but it was effective prospectively from its execution, so registration was allowed in favour of the assessee. Case-Laws Income Tax Thu, 03 Dec 1953 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277080