https://www.taxtmi.com/caselaws?id=285723 A firm cannot obtain registration on the basis of a partnership deed that had already expired before the application was filed. Where a partnership is for a fixed term and the business continues afterwards, the continuation rests on a new implied or verbal arrangement, not on the expired instrument. Terms of the earlier deed may apply only to the extent they fit the new arrangement, but the original deed is no longer operative. Registration being confined to a firm constituted under a subsisting instrument of partnership, the expired deed could not support registration, and the refusal was upheld. en-us Fri, 26 Oct 1928 00:00:00 +0530 Thu, 23 Jan 2020 14:39:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285723 A firm cannot obtain registration on the basis of a partnership deed that had already expired before the application was filed. Where a partnership is for a fixed term and the business continues afterwards, the continuation rests on a new implied or verbal arrangement, not on the expired instrument. Terms of the earlier deed may apply only to the extent they fit the new arrangement, but the original deed is no longer operative. Registration being confined to a firm constituted under a subsisting instrument of partnership, the expired deed could not support registration, and the refusal was upheld. Case-Laws Income Tax Fri, 26 Oct 1928 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285723