https://www.taxtmi.com/caselaws?id=36327 Undivided coparcenary capital and business assets cannot be converted into partnership property merely through partnership deeds executed by Hindu undivided family members. A valid partnership for income-tax registration requires a demonstrated partition, including a partial partition where relevant, of the joint family assets contributed to the business. Where the business capital remains undivided and no partition among the coparceners is established, the concern continues in substance as a joint family business. Registration of the firm is therefore not justified because coparceners cannot remain joint family members while becoming partners in respect of undivided coparcenary property. 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 Undivided coparcenary capital and business assets cannot be converted into partnership property merely through partnership deeds executed by Hindu undivided family members. A valid partnership for income-tax registration requires a demonstrated partition, including a partial partition where relevant, of the joint family assets contributed to the business. Where the business capital remains undivided and no partition among the coparceners is established, the concern continues in substance as a joint family business. Registration of the firm is therefore not justified because coparceners cannot remain joint family members while becoming partners in respect of undivided coparcenary property. Case-Laws Income Tax Wed, 26 Jul 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36327