https://www.taxtmi.com/caselaws?id=35936 Where a partnership deed already fixed capital contributions, profit shares and the position of minors on attaining majority, no fresh instrument was required for renewal of registration when the minors elected to become partners within the prescribed period. The court treated the transition from minor to full partner as creating no real change in the firm's constitution because the original deed, read with the Partnership Act, already covered the contingency including loss sharing after majority. The existing instrument therefore continued to evidence the firm's constitution and shares, and refusal to renew registration or to treat the firm as unregistered was unjustified. en-us Tue, 09 Sep 1980 00:00:00 +0530 Thu, 18 Mar 2010 10:55:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35936 Where a partnership deed already fixed capital contributions, profit shares and the position of minors on attaining majority, no fresh instrument was required for renewal of registration when the minors elected to become partners within the prescribed period. The court treated the transition from minor to full partner as creating no real change in the firm's constitution because the original deed, read with the Partnership Act, already covered the contingency including loss sharing after majority. The existing instrument therefore continued to evidence the firm's constitution and shares, and refusal to renew registration or to treat the firm as unregistered was unjustified. Case-Laws Income Tax Tue, 09 Sep 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35936