https://www.taxtmi.com/caselaws?id=36327 A Hindu undivided family business does not become a valid partnership for income-tax purposes merely because family members execute partnership deeds. Where the business capital and assets remain undivided coparcenary property and no partition of the joint family assets is shown, the concern continues in substance as a joint family business. In that situation, coparceners cannot simultaneously retain their joint family character and treat the same undivided property as partnership property. The article states that, on these facts, no valid partnership came into existence and registration of the firm was rightly refused. en-us Wed, 26 Jul 1978 00:00:00 +0530 Sat, 20 Mar 2010 16:51:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36327 A Hindu undivided family business does not become a valid partnership for income-tax purposes merely because family members execute partnership deeds. Where the business capital and assets remain undivided coparcenary property and no partition of the joint family assets is shown, the concern continues in substance as a joint family business. In that situation, coparceners cannot simultaneously retain their joint family character and treat the same undivided property as partnership property. The article states that, on these facts, no valid partnership came into existence and registration of the firm was rightly refused. Case-Laws Income Tax Wed, 26 Jul 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36327