https://www.taxtmi.com/caselaws?id=20665 Where a partnership deed contains no contrary stipulation, partners are treated as sharing profits and losses equally, and that footing satisfied the requirement for registration or renewal of registration under section 27 of the Kerala Agricultural Income-tax Act, 1950. The earlier view denying registration was held incorrect in light of the Full Bench principle. Objections based on the validity of proceedings under section 34 and an earlier administrative order were not examined further once the main issue was resolved in the assessee-firm's favour. en-us Wed, 09 Jun 1993 00:00:00 +0530 Mon, 16 Nov 2009 15:03:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20665 Where a partnership deed contains no contrary stipulation, partners are treated as sharing profits and losses equally, and that footing satisfied the requirement for registration or renewal of registration under section 27 of the Kerala Agricultural Income-tax Act, 1950. The earlier view denying registration was held incorrect in light of the Full Bench principle. Objections based on the validity of proceedings under section 34 and an earlier administrative order were not examined further once the main issue was resolved in the assessee-firm's favour. Case-Laws Income Tax Wed, 09 Jun 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20665