https://www.taxtmi.com/caselaws?id=20528 The High Court held that the partnership firm, including a karta of a Hindu undivided family and two partners, one being a minor admitted to benefits without contributing capital, was valid. Citing Supreme Court precedents, the Court emphasized that minors benefiting from the partnership do not invalidate it, as they are not considered partners. The partnership was deemed genuine, formed for profit, and unaffected by minors' admission to benefits. The refusal of registration by the Income-tax Officer was deemed incorrect, allowing the firm to enjoy Income-tax Act benefits. en-us Tue, 02 Mar 1993 00:00:00 +0530 Sat, 14 Nov 2009 14:13:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20528 The High Court held that the partnership firm, including a karta of a Hindu undivided family and two partners, one being a minor admitted to benefits without contributing capital, was valid. Citing Supreme Court precedents, the Court emphasized that minors benefiting from the partnership do not invalidate it, as they are not considered partners. The partnership was deemed genuine, formed for profit, and unaffected by minors' admission to benefits. The refusal of registration by the Income-tax Officer was deemed incorrect, allowing the firm to enjoy Income-tax Act benefits. Case-Laws Income Tax Tue, 02 Mar 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20528