https://www.taxtmi.com/caselaws?id=277083 Registration of a firm under Section 26A required strict compliance with the statutory scheme: the partnership instrument and the registration application had to specify each partner's individual share with precision, because the scheme depended on assessment of partners on their respective shares and on statutory safeguards against profit distribution. Omission to state the shares was a mandatory defect, not a mere procedural irregularity. A partnership deed executed after the close of the relevant accounting year could not support registration for that year, as the deed had to govern the accounting period in question. The firm was therefore not entitled to registration for the assessment years concerned. en-us Wed, 17 Mar 1954 00:00:00 +0530 Fri, 23 Nov 2018 18:34:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277083 Registration of a firm under Section 26A required strict compliance with the statutory scheme: the partnership instrument and the registration application had to specify each partner's individual share with precision, because the scheme depended on assessment of partners on their respective shares and on statutory safeguards against profit distribution. Omission to state the shares was a mandatory defect, not a mere procedural irregularity. A partnership deed executed after the close of the relevant accounting year could not support registration for that year, as the deed had to govern the accounting period in question. The firm was therefore not entitled to registration for the assessment years concerned. Case-Laws Income Tax Wed, 17 Mar 1954 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277083