https://www.taxtmi.com/caselaws?id=293018 Whether ledger entries, partnership documents and conduct established a genuine partition and partnership for registration purposes: applied principle that members of a Hindu undivided family may sever a business portion and constitute a partnership by specification of shares and accounting entries; the department may inquire into pretended arrangements to evade tax; while gifts ordinarily require delivery, constructive delivery and completed gift may be proved by entries, agreements and conduct. Ledger capital accounts, a partnership deed and release/partition instruments together supported genuineness, entitling registration for the assessment year and costs were awarded to the assessee. en-us Wed, 11 Jan 1961 00:00:00 +0530 Tue, 19 Jan 2021 11:48:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=293018 Whether ledger entries, partnership documents and conduct established a genuine partition and partnership for registration purposes: applied principle that members of a Hindu undivided family may sever a business portion and constitute a partnership by specification of shares and accounting entries; the department may inquire into pretended arrangements to evade tax; while gifts ordinarily require delivery, constructive delivery and completed gift may be proved by entries, agreements and conduct. Ledger capital accounts, a partnership deed and release/partition instruments together supported genuineness, entitling registration for the assessment year and costs were awarded to the assessee. Case-Laws Income Tax Wed, 11 Jan 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293018