https://www.taxtmi.com/caselaws?id=24662 The High Court of Calcutta ruled that a partnership deed including a minor partner, where the minor was only entitled to benefits and not a full partner, was valid. The Court held that the clause requiring the minor to contribute capital did not invalidate the partnership deed. Consequently, the firm was entitled to registration for the assessment year 1969-70. Justice Ajit K. Sengupta delivered the judgment in favor of the assessee, with Justice K. M. Yusuf concurring. The Court made no order as to costs, settling the matter in favor of the assessee based on the legal interpretation provided. en-us Mon, 18 Jul 1988 00:00:00 +0530 Thu, 21 Jan 2010 15:40:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24662 The High Court of Calcutta ruled that a partnership deed including a minor partner, where the minor was only entitled to benefits and not a full partner, was valid. The Court held that the clause requiring the minor to contribute capital did not invalidate the partnership deed. Consequently, the firm was entitled to registration for the assessment year 1969-70. Justice Ajit K. Sengupta delivered the judgment in favor of the assessee, with Justice K. M. Yusuf concurring. The Court made no order as to costs, settling the matter in favor of the assessee based on the legal interpretation provided. Case-Laws Income Tax Mon, 18 Jul 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24662