https://www.taxtmi.com/caselaws?id=26716 The High Court of Rajasthan upheld the validity of the assessee-firm's constitution for registration under the Income-tax Act, 1961. The court agreed with the Income-tax Appellate Tribunal's decision that the presence of members from a Hindu undivided family and minors admitted to the benefits of the partnership did not invalidate the firm's constitution. Relying on legal precedents, including a Supreme Court decision, the court emphasized that partnerships involving a mix of family members and outsiders were permissible. The judgment favored the assessee, affirming the firm's validity and entitlement to registration, with each party bearing their own costs. en-us Wed, 21 Aug 1985 00:00:00 +0530 Mon, 08 Feb 2010 10:28:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26716 The High Court of Rajasthan upheld the validity of the assessee-firm's constitution for registration under the Income-tax Act, 1961. The court agreed with the Income-tax Appellate Tribunal's decision that the presence of members from a Hindu undivided family and minors admitted to the benefits of the partnership did not invalidate the firm's constitution. Relying on legal precedents, including a Supreme Court decision, the court emphasized that partnerships involving a mix of family members and outsiders were permissible. The judgment favored the assessee, affirming the firm's validity and entitlement to registration, with each party bearing their own costs. Case-Laws Income Tax Wed, 21 Aug 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26716