https://www.taxtmi.com/caselaws?id=15821 The High Court affirmed the Tribunal's decision, ruling that the firm was entitled to registration under section 185(1) of the Income-tax Act, 1961. The Court held that losses would be borne only by adult partners as per the partnership deed, and the minor partner was not liable for sharing losses. The Court also upheld the Tribunal's decision to allow rectification of a defect in the registration application, stating it was a curable error. The decision favored the firm, with no costs awarded to the Revenue. en-us Thu, 16 Oct 1997 00:00:00 +0530 Sat, 29 Aug 2009 13:16:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=15821 The High Court affirmed the Tribunal's decision, ruling that the firm was entitled to registration under section 185(1) of the Income-tax Act, 1961. The Court held that losses would be borne only by adult partners as per the partnership deed, and the minor partner was not liable for sharing losses. The Court also upheld the Tribunal's decision to allow rectification of a defect in the registration application, stating it was a curable error. The decision favored the firm, with no costs awarded to the Revenue. Case-Laws Income Tax Thu, 16 Oct 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=15821