https://www.taxtmi.com/caselaws?id=37151 Registration of a firm under section 26A of the Indian Income-tax Act, 1922 requires proof of a valid, genuine partnership actually existing in accordance with the partnership instrument; a mere deed stating shares is not enough. The Income-tax Officer may verify whether the alleged partners are real and whether the arrangement is bona fide. Here, the alleged partner was not produced despite opportunity, although her examination was necessary to test the claimed capital contribution and admission to the firm. An adverse inference was therefore justified, the genuineness of the partnership remained unproved, and refusal of registration was upheld in favour of the Revenue. en-us Wed, 28 Feb 1979 00:00:00 +0530 Fri, 26 Mar 2010 18:35:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37151 Registration of a firm under section 26A of the Indian Income-tax Act, 1922 requires proof of a valid, genuine partnership actually existing in accordance with the partnership instrument; a mere deed stating shares is not enough. The Income-tax Officer may verify whether the alleged partners are real and whether the arrangement is bona fide. Here, the alleged partner was not produced despite opportunity, although her examination was necessary to test the claimed capital contribution and admission to the firm. An adverse inference was therefore justified, the genuineness of the partnership remained unproved, and refusal of registration was upheld in favour of the Revenue. Case-Laws Income Tax Wed, 28 Feb 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37151