https://www.taxtmi.com/caselaws?id=21599 Registration of a firm under section 184 requires a partnership instrument that evidences the firm and specifies the individual shares of the partners during the relevant accounting year. Where the deed on record is silent on the partners' shares, that omission cannot be cured by a later deed of rectification executed after the close of the year. The Court distinguished cases where surrounding circumstances and the deed itself supported an inference of specified shares, holding that such inference was unavailable here because the instrument did not contain the necessary terms. The assessee-firm was therefore not entitled to registration, and the reference was answered against it. en-us Mon, 18 Feb 1991 00:00:00 +0530 Wed, 25 Nov 2009 16:40:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21599 Registration of a firm under section 184 requires a partnership instrument that evidences the firm and specifies the individual shares of the partners during the relevant accounting year. Where the deed on record is silent on the partners' shares, that omission cannot be cured by a later deed of rectification executed after the close of the year. The Court distinguished cases where surrounding circumstances and the deed itself supported an inference of specified shares, holding that such inference was unavailable here because the instrument did not contain the necessary terms. The assessee-firm was therefore not entitled to registration, and the reference was answered against it. Case-Laws Income Tax Mon, 18 Feb 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21599