https://www.taxtmi.com/caselaws?id=26229 Partnership validity for registration under the Income-tax Act depends on an agreement to share business profits or losses and conduct of business by all or any partner acting for all; capital contribution or personal skill from every partner is not indispensable. A finding that partners were not benamidars is a factual finding and does not independently raise a question of law for reference, leaving the statutory explanation on benami partners inapplicable. The consequential registration issue raises no separate referable question where the principal legal test is settled. Reference proceedings require a real question of law arising from the Tribunal's order; no reference can be compelled on settled law or factual findings. en-us Wed, 09 Oct 1985 00:00:00 +0530 Wed, 03 Feb 2010 16:07:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26229 Partnership validity for registration under the Income-tax Act depends on an agreement to share business profits or losses and conduct of business by all or any partner acting for all; capital contribution or personal skill from every partner is not indispensable. A finding that partners were not benamidars is a factual finding and does not independently raise a question of law for reference, leaving the statutory explanation on benami partners inapplicable. The consequential registration issue raises no separate referable question where the principal legal test is settled. Reference proceedings require a real question of law arising from the Tribunal's order; no reference can be compelled on settled law or factual findings. Case-Laws Income Tax Wed, 09 Oct 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26229