https://www.taxtmi.com/caselaws?id=288931 Registration of a firm was not defective where the application substantially complied with the prescribed form: column 6 required entry of each partner's share in profits or loss, and Note 2 required only the letter "P" against a partner entitled to profits but not liable for losses. No further specification of the other partners' loss shares was necessary, and the note that the minors were admitted to the benefits of partnership was sufficient. Part B of the schedule was held applicable only when the application was made after the close of the relevant previous year; as the application was filed before that date, its omission did not invalidate the form. The question was answered in favour of the assessee. en-us Thu, 07 Apr 1966 00:00:00 +0530 Mon, 06 Jul 2020 15:34:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288931 Registration of a firm was not defective where the application substantially complied with the prescribed form: column 6 required entry of each partner's share in profits or loss, and Note 2 required only the letter "P" against a partner entitled to profits but not liable for losses. No further specification of the other partners' loss shares was necessary, and the note that the minors were admitted to the benefits of partnership was sufficient. Part B of the schedule was held applicable only when the application was made after the close of the relevant previous year; as the application was filed before that date, its omission did not invalidate the form. The question was answered in favour of the assessee. Case-Laws Income Tax Thu, 07 Apr 1966 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288931