https://www.taxtmi.com/caselaws?id=36043 The court upheld the validity of the partnership agreement, ruling in favor of the assessee. It emphasized that labor and skill could serve as consideration for a partnership contract, leading to a valid partnership that should have been registered. The decision favored the assessee, awarding costs and counsel fees in their favor. en-us Mon, 07 Jul 1980 00:00:00 +0530 Fri, 19 Mar 2010 10:43:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36043 The court upheld the validity of the partnership agreement, ruling in favor of the assessee. It emphasized that labor and skill could serve as consideration for a partnership contract, leading to a valid partnership that should have been registered. The decision favored the assessee, awarding costs and counsel fees in their favor. Case-Laws Income Tax Mon, 07 Jul 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36043