https://www.taxtmi.com/caselaws?id=293018 A partnership between members of a Hindu undivided family is not invalid merely because the family remains joint; the department may only test whether the arrangement is genuine or a colourable device. On the facts, the capital allotted to the adult son and two daughters had been separated from family assets by entries, supported by release deeds and partition documents, and the business was thereafter carried on as a partnership. Mere book entries did not defeat genuineness. The alleged defects in the gifts to the daughters were not decisive because the transfers were accepted and acted upon, so the firm remained entitled to registration under section 26A. 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 A partnership between members of a Hindu undivided family is not invalid merely because the family remains joint; the department may only test whether the arrangement is genuine or a colourable device. On the facts, the capital allotted to the adult son and two daughters had been separated from family assets by entries, supported by release deeds and partition documents, and the business was thereafter carried on as a partnership. Mere book entries did not defeat genuineness. The alleged defects in the gifts to the daughters were not decisive because the transfers were accepted and acted upon, so the firm remained entitled to registration under section 26A. Case-Laws Income Tax Wed, 11 Jan 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=293018