https://www.taxtmi.com/caselaws?id=27642 The court ruled in favor of the assessee, holding that the firm was entitled to registration under the Income-tax Act, 1961. The partnership deed clearly indicated that the minor was admitted only to the benefits of the partnership and was not liable for losses. The court emphasized that the statutory requirements for registration were met, and the intention of the parties was to exclude the minor from liability for losses. The decision of the Tribunal to cancel the registration was overturned, emphasizing that the minor's status was limited to benefiting from the partnership. en-us Mon, 11 Jun 1984 00:00:00 +0530 Mon, 15 Feb 2010 11:45:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27642 The court ruled in favor of the assessee, holding that the firm was entitled to registration under the Income-tax Act, 1961. The partnership deed clearly indicated that the minor was admitted only to the benefits of the partnership and was not liable for losses. The court emphasized that the statutory requirements for registration were met, and the intention of the parties was to exclude the minor from liability for losses. The decision of the Tribunal to cancel the registration was overturned, emphasizing that the minor's status was limited to benefiting from the partnership. Case-Laws Income Tax Mon, 11 Jun 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27642