https://www.taxtmi.com/caselaws?id=23240 The High Court of Allahabad ruled in favor of an assessee-firm comprising 17 adult partners and 4 minors admitted to the benefits of partnership. The Court held that minors admitted to the benefits of partnership should not be counted towards the total partners for determining compliance with the Companies Act. Emphasizing that only adult partners should be considered, the Court found the cancellation of the firm's registration unjustified and granted registration, affirming that the presence of minors admitted to the benefits of partnership did not invalidate the firm's status under the Income-tax Act. en-us Mon, 30 Jul 1990 00:00:00 +0530 Thu, 17 Dec 2009 17:13:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23240 The High Court of Allahabad ruled in favor of an assessee-firm comprising 17 adult partners and 4 minors admitted to the benefits of partnership. The Court held that minors admitted to the benefits of partnership should not be counted towards the total partners for determining compliance with the Companies Act. Emphasizing that only adult partners should be considered, the Court found the cancellation of the firm's registration unjustified and granted registration, affirming that the presence of minors admitted to the benefits of partnership did not invalidate the firm's status under the Income-tax Act. Case-Laws Income Tax Mon, 30 Jul 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23240