https://www.taxtmi.com/caselaws?id=36998 The Tribunal's finding that a legally valid partnership was not genuine was upheld because the dispute turned on factual evidence, including the actual admission of minors to partnership benefits, the guardian's conduct, the non-withdrawal of profits, and the treatment of credited amounts. The distinction between the legal validity of the partnership and its genuineness as a matter of fact was recognised, but the controversy was treated as factual rather than one of law. As the finding was not shown to be perverse or unsupported by evidence, the issue was answered in favour of the Revenue. en-us Thu, 15 Feb 1979 00:00:00 +0530 Thu, 25 Mar 2010 17:32:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36998 The Tribunal's finding that a legally valid partnership was not genuine was upheld because the dispute turned on factual evidence, including the actual admission of minors to partnership benefits, the guardian's conduct, the non-withdrawal of profits, and the treatment of credited amounts. The distinction between the legal validity of the partnership and its genuineness as a matter of fact was recognised, but the controversy was treated as factual rather than one of law. As the finding was not shown to be perverse or unsupported by evidence, the issue was answered in favour of the Revenue. Case-Laws Income Tax Thu, 15 Feb 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36998